Indian Railway Catering And Tourism Corporation Limited (IRCTC) Stock - Complete Technical Analysis - Nov 08, 2024
IRCTC Stock Analysis: Key Support, Resistance Levels & Technical Insights for Traders Nov 2024
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. The stock has shown some volatility in the last few days, dropping from 851 to 832, with a low point of 792 earlier this week. This is a key moment for traders to watch. With the RSI near neutral and the ADX at 33, this indicates a moderate trend strength, suggesting that IRCTC could be entering a consolidation phase or a potential reversal. The key support is around 830-835, while resistance remains near 850-860. If the stock breaks above 860, it could signify the start of a bullish trend. Traders should be cautious near support, as a break below 830 could lead to a test of the 800-810 levels. Pay attention to the next few days for price action around these levels.
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