Price and trend forecast of IRCTC for Tomorrow, Weekly, Monthly
Indian Railway Catering And Tourism Corporation Limited
Symbol: NSE:IRCTC
ISIN: INE335Y01020
984.15
As on 2024-07-26
IRCTC's Today's Performance
Indian Railway Catering And Tourism Corporation Limited started the day by opening at 976.00 today 2024-07-26. Its shares reached a high of 991.35 and dipped to a low of 972.90 in intraday. When the markets closed, IRCTC’s stock price settled at ₹984.15 per share. Also check out its key support and resistance levels.
IRCTC Buy/Sell Targets
Tomorrow, buy IRCTC when its price reaches ₹ 984.15 with a stop-loss order at ₹ 974.71. You can set the target price as ₹ 993.59 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of IRCTC for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for IRCTC
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 993 |
| Tomorrow Down Target 2 | 1,001 |
| Tomorrow Down Target 3 | 1,011 |
Important Levels for IRCTC
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 974 |
| Tomorrow Up Target 2 | 964 |
| Tomorrow Up Target 3 | 956 |
Based on where the stock opens tomorrow, if IRCTC opens on a positive note, our first target will be ₹993. If Target 1 is achieved, we will aim for Target 2 which is ₹1,001.
But if IRCTC falls below the average value of ₹982.80, you can enter a sell side position with target number 1 - ₹974 and second target - ₹964 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of IRCTC
Looking at IRCTC, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, IRCTC has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for IRCTC is moderate bearish.
Tomorrow's Volume based share price Forecast for IRCTC
IRCTC's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -10%.
Reversal detection for IRCTC
IRCTC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹965 in morning tomorrow
| Target 1 tomorrow | 990 |
| Target 2 tomorrow | 994 |
| Target 3 tomorrow | 1001 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with IRCTC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if IRCTC opens on a positive note, our first target will be ₹992.70. If Target 1 is achieved, we will aim for Target 2 which is ₹1,001.25.
But if IRCTC falls below the average value of ₹982.80, you can enter a sell side position with target number 1 - ₹974.25 and second target - ₹964.35
IRCTC's Weekly Targets
| 1st Up Target | 1,019.88 |
| 2nd Up Target | 1,055.62 |
| 1st Down Target | 944.23 |
| 2nd Down Target | 904.32 |
As the week for IRCTC ended on bearish sentiments, we can expect further continuation of this sentiment. IRCTC's initial target will be 1,019.88 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 944.23 in the upcoming week.
Weekly OHLC Values
| Open | 990.00 |
| High | 1,015.70 |
| Low | 940.05 |
| Close | 984.15 |
Week for IRCTC started with an open price of 990.00, and the close was at 984.15. IRCTC reached the highest of 1,015.70 and dipped lowest up to 940.05 last week. This indicates a bearish sentiment for the week.
IRCTC full month swing targets
| Monthly Up Target 1 | 1,095.53 |
| Monthly Up Target 2 | 1,131.27 |
| Monthly Down Target 1 | 868.58 |
| Monthly Down Target 2 | 753.02 |
Targets of ₹1,095.53 can be expected to be reached in the coming month. Once IRCTC achieved this target, we can aim for the next upside target of ₹1,131.27.
IRCTC if fails to hold upside, down targets of ₹868.58 and ₹753.02 can be achieved by end of this month.
For complete three weeks if IRCTC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as IRCTC
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
IRCTC is expected to reach the target of 992.70 in tomorrow's trading session.
After achieving the initial target in IRCTC, we will aim for higher targets of 1,001.25 tomorrow.
However, if IRCTC starts to trade below ₹982.80, then we will shift our focus to the sell side and aim for down targets of 974.25 and 964.35.