IRCTC 1 Day View

📈 Key Intraday Levels

Opening Price: ₹722.05

Day’s High: ₹724.85

Day’s Low: ₹714.60

Closing Price: ₹719.20

🔍 Technical Indicators

Support Level: ₹719.20 – This level is backed by accumulated volume, suggesting it may act as a reliable support point.

Resistance Level: ₹729.30 – The short-term moving average indicates this as a potential resistance point.

Volatility: The stock exhibited a 1.25% intraday range, with average daily volatility around 1.12%, indicating relatively stable movements.

📊 Momentum Indicators

Stochastic RSI: Currently in a neutral zone, suggesting neither overbought nor oversold conditions.

Rate of Change (ROC): Indicates a neutral condition, with no strong momentum in either direction.

Commodity Channel Index (CCI): Also in a neutral range, reflecting a lack of strong trend.

🛡️ Risk Management

Suggested Stop-Loss: ₹683.68 – Given the stock's low daily volatility, this stop-loss level offers a conservative risk management approach.

📌 Summary

IRCTC's stock is currently trading within a defined range, with support at ₹719.20 and resistance around ₹729.30. Momentum indicators suggest a neutral stance, indicating a wait-and-watch approach may be prudent for short-term traders. For those considering a longer-term perspective, the stock's low volatility and established support levels could present opportunities for accumulation, especially if it maintains above the ₹719.20 support.