On October 14, 2024, IRCTC shares slipped by 0.51%, marking a downtrend in an otherwise rising stock market. At 11:13 AM, the stock was trading at ₹884.6, lower than the previous day’s closing price of ₹890. While Sensex rose by 0.59%, IRCTC experienced volatility.
Stock Performance Overview
The stock opened at ₹890, with a high of ₹893.4 and a low of ₹883.35. The price fluctuation indicated a consolidation phase, with support around ₹879.95 and resistance at ₹896.55.
Key Stock Data:
| Date | Opening Price | Highest Price | Lowest Price | Closing Price | % Change |
|---|---|---|---|---|---|
| 14-Oct-2024 | ₹890 | ₹893.4 | ₹883.35 | ₹884.6 | -0.51% |
Technical Analysis
IRCTC’s technical indicators suggest mixed signals. It is currently trading above the 5-day SMA but remains below its 10, 20, 50, and 100-day SMAs. Here’s a breakdown of key moving averages:
| Days | Simple Moving Average (SMA) |
|---|---|
| 5 | ₹876.86 |
| 10 | ₹892.70 |
| 20 | ₹904.65 |
| 50 | ₹923.72 |
The stock faces resistance at ₹896.55, ₹903.9, and ₹913.15, while support levels stand at ₹879.95, ₹870.7, and ₹863.35.
Volume Trends
Volume traded on NSE and BSE today was 69.16% lower than the previous trading session. Typically, lower volumes with a falling stock price signal caution. However, higher volumes with price declines might indicate more selling pressure ahead.
Conclusion
IRCTC shares are experiencing a slight downtrend, with mixed technical signals. Investors should monitor volume trends and key support levels to assess future price movements. The stock may face short-term volatility, but long-term prospects remain dependent on market sentiment and upcoming financial reports.
Disclaimer
This article provides stock market information for educational purposes only and is not intended as financial advice. Please seek professional guidance before making investment decisions.
