IRCTC stock hit a 52-week low of Rs 557 on 29 March before heading higher. It closed at Rs 672 on 29 August, which translates into an upside of about 20%. The stock hit a 52-week high of Rs 775 on 7 November 2022. The all-time high, however, is placed above Rs 1200 levels registered in October 2021.
Stocks that share market analysts recommended: Stock brokerages have come out with research reports on select stocks namely IndusInd Bank, Bajaj Auto, Reliance Industries (RIL), and Dalmia Bharat. Here s what brokerages said about these counters.
The stock has been in a corrective phase after it made a top around Rs 221 levels back in January 2008 on the monthly charts. It made a base around Rs 26 levels in August 2013 and then again in September 2019. It is now on the verge of giving a breakout from a downward-sloping trendline resistance on the monthly charts. However, it has confirmed a breakout on weekly Heikin Ashi charts, suggesting that the up move has started
Short term traders can buy the stock for a bounce back to 130-134 levels in the next 5-7 weeks, suggested experts. The stock entered a corrective phase from June 2021 when it hit levels around 110-113 which acted as a stiff resistance for a couple of years. The stock found support above 80 in December 2021 from where it started to rise upwards.
Stocks recommended by share market analysts: Stock brokerages have come out with research reports on select stocks namely Birla Corporation, NTPC, Aster DM Healthcare, and Star Health. Here s what brokerages said about these counters.