Stock Information Portal

Price and trend forecast of IRFC for Tomorrow, Weekly, Monthly

Indian Railway Finance Corporation Limited

Symbol: NSE:IRFC

ISIN: INE053F01010

169.00

As on 2024-05-17

31.20 (52W Low) 192.80 (52W High)

IRFC's Today's Performance

Indian Railway Finance Corporation Limited started the day by opening at 158.45 today 2024-05-17. Its shares reached a high of 170.50 and dipped to a low of 157.10 in intraday. When the markets closed, IRFC’s stock price settled at ₹169.00 per share. Also check out its key support and resistance levels.

IRFC Buy/Sell Targets

Tomorrow, buy IRFC when its price reaches ₹ 169.00 with a stop-loss order at ₹ 165.32. You can set the target price as ₹ 172.68 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 IRFC 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 IRFC

Downside Targets Value in ₹
Tomorrow Down Target 1 174
Tomorrow Down Target 2 179
Tomorrow Down Target 3 187

Important Levels for IRFC

Holding Levels Value in ₹
Tomorrow Up Target 1 161
Tomorrow Up Target 2 152
Tomorrow Up Target 3 147
Based on where the stock opens tomorrow, if IRFC opens on a positive note, our first target will be ₹174. If Target 1 is achieved, we will aim for Target 2 which is ₹179.

But if IRFC falls below the average value of ₹165.53, you can enter a sell side position with target number 1 - ₹161 and second target - ₹152 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 IRFC

Looking at IRFC, 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, IRFC has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for IRFC is strong bullish.

Tomorrow's Volume based share price Forecast for IRFC

IRFC's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 35%.

Reversal detection for IRFC

Predicted trend chart of IRFC tomorrow for price forecast
IRFC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹158 in morning tomorrow
Target 1 tomorrow171
Target 2 tomorrow174
Target 3 tomorrow179
 

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 IRFC'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 IRFC opens on a positive note, our first target will be ₹173.97. If Target 1 is achieved, we will aim for Target 2 which is ₹178.93.

But if IRFC falls below the average value of ₹165.53, you can enter a sell side position with target number 1 - ₹160.57 and second target - ₹152.13

IRFC's Weekly Targets
1st Up Target 178.63
2nd Up Target 188.27
1st Down Target 151.23
2nd Down Target 133.47

As the week for IRFC ended on bullish sentiments, we can expect further continuation of this sentiment. IRFC's initial target will be 178.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 151.23 in the upcoming week.

Weekly OHLC Values
Open 148.05
High 170.50
Low 143.10
Close 169.00

Week for IRFC started with an open price of 148.05, and the close was at 169.00. IRFC reached the highest of 170.50 and dipped lowest up to 143.10 last week. This indicates a bullish sentiment for the week.

IRFC full month swing targets
Monthly Up Target 1 206.03
Monthly Up Target 2 215.67
Monthly Down Target 1 123.83
Monthly Down Target 2 78.67

Targets of ₹206.03 can be expected to be reached in the coming month. Once IRFC achieved this target, we can aim for the next upside target of ₹215.67.

IRFC if fails to hold upside, down targets of ₹123.83 and ₹78.67 can be achieved by end of this month.

For complete three weeks if IRFC 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 IRFC

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

IRFC is expected to reach the target of 173.97 in tomorrow's trading session.

After achieving the initial target in IRFC, we will aim for higher targets of 178.93 tomorrow.

However, if IRFC starts to trade below ₹165.53, then we will shift our focus to the sell side and aim for down targets of 160.57 and 152.13.