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Technicals for Indian Railway Catering & Tourism Corporation Limited
By MusingTheNews
2025-05-30 20:40
Overall Technical outlook
Price Summary
With a -2.7% dip, Indian Railway Catering & Tourism Corporation Limited enjoyed a poor day in the stock market. Indian Railway Catering & Tourism Corporation Limited's stock opened at 777.0 on 2025-05-30, surged to 781.6, hit a low of 754.4, and closed up -2.7% at 756.0, with 2876118 shares traded. The stock's highest value over the last 52 weeks is 1054.25, and the lowest value is 670.95. According to 8 analysts, the price of IRCTC in the future is projected to be between 570.0 and 1200.0, with an average expected price of 816.0.
Technicals
Support and Resistance: The price of 756.0 is supported at 746.85 and capped by resistance at 768.95. These levels mark key points for Indian Railway Catering & Tourism Corporation Limited where the price could find stability, with 746.85 as a floor and 768.95 as a ceiling. Support/Resistance for IRCTC
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Indian Railway Catering & Tourism Corporation Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Bolinger Bands chart for Indian Railway Catering & Tourism Corporation Limited
Parabolic SAR: The PSAR remains in a bearish mode, establishing a resistance level that could hinder any attempts at upward movement for IRCTC. This resistance reinforces the bearish sentiment, indicating that the market may continue to face challenges in pushing higher. Parabolic Stop and Reverse chart for Indian Railway Catering & Tourism Corporation Limited
Stochastic: The STOCHASTIC is in a neutral stance for IRCTC, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Stochastic chart for Indian Railway Catering & Tourism Corporation Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages reflects a bearish trend, signaling ongoing downward momentum. However, the slower SMAs are starting to show signs of weakening, which may suggest a shift in the market. This loss of steam in the bearish trend could be an early indication of a potential bullish reversal, pointing to a possible change in direction in the near future. Tripple SMA chart for Indian Railway Catering & Tourism Corporation Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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