Stock of Interest

Posted On: July 1, 2023

Stock Report : IRCTC (NSE) 30 Jun 2023

Outlook: Bearish

The Indian Railway Catering and Tourism Corporation (IRCTC) is a public sector enterprise in India that offers ticketing, catering, and tourism services to the Indian Railways. The IRCTC was created on September 27, 1999, as a public sector enterprise wholly controlled by the Indian Railways, a division of the Indian Government. Since 2019, it has been listed on the National Stock Exchange and the Bombay Stock Exchange, with the Government of India maintaining majority ownership. Initially, it was entirely owned by the Government of India and operated under the administrative direction of the Ministry of Railways.

xCalData forecasts #IRCTC will continue its Bearish phase over the next five days.

During this period, #IRCTC is expected to be in the range of 626 and 603.

What are Technicals telling?

Majority of the technical ratios trend towards Bearish side of the spectrum. Some of the trend indicators like RVI, MFI, OBV, clearly indicate bearish view while some indicators like RSI indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for this week ending 30 June.

xCalData offers unbiased insights into stocks.

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Disclaimer: The securities quoted are for illustration only and are not recommendatory