Indian Railway Stock – IRCTC stock hits 52-week high on intraday basis – BUY at these levels to MAXIMISE gains; Target Price Rs 3000
IRCTC share price – The shares of IRCTC were trading at Rs 2730 on the NSE on Wednesday at 11:09 am. The shares were down by Rs 22 or almost 0.80 per cent. Jain called it an excellent stock nd said that one must buy this stock on dips. He said that the right levels to enter this stock is Rs 2700 for any fresh positions. Existing shareholders must hold on to this stock
Indian Railway Stocks – IRCTC shares – If you are an investor in the IRCTC share price then you must know what prospects this stock holds in the near to medium term view. Nilesh Jain Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking gives some useful insights about this stock and also what investors must do with it.
IRCTC share price – The shares of IRCTC were trading at Rs 2730 on the NSE on Wednesday at 11:09 am. The shares were down by Rs 22 or almost 0.80 per cent. Jain called it an excellent stock nd said that one must buy this stock on dips. He said that the right levels to enter this stock is Rs 2700 for any fresh positions. Existing shareholders must hold on to this stock.
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He said that the support is around Rs 2600 while strong support around Rs 2550. He puts the target price at Rs 3000. He has a one-month view on this stock.
This stock has been on an upward trend over the last 4 trading sessions excluding today’s.
The 52-week high for this stock is Rs 2765.40 which this stock hit today on the intraday basis. Meanwhile, the 52-week low in IRCTC share price NSE is Rs 1290.05 which it hit on 4 September 2020. The last closing price was Rs 2752.
The intraday low of IRCTC shares was Rs 2728.25.
On BSE, this stock was trading at Rs 2721.50, down by almost 1 per cent around this time.
IRCTC Stock price movement on BSE
- Stock has fallen after 3 days of consecutive gain
- Moving Averages : I R C T C is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages
- Rising Investor Participation : Delivery Vol of 4.46 lacs on 31 Aug has risen by 42.78% against 5-day avg delivery vol
- Liquidity : Based on 2 per cent of 5 day average traded Value the stock is liquid enough for trade size of Rs 9.21 cr.
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