IRCTC shares fall 2.42% as Nifty drops
Shares of Indian Railway Catering & Tourism Corporation Ltd. slipped 2.42 per cent to Rs 701.95 in Monday’s trade. It hit a high of Rs 708.6 and low of Rs 698.25 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 637.09, while the 50-DMA was at Rs 673.22. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
