IRCTC shares fall 3.37% as Nifty drops
Shares of Indian Railway Catering & Tourism Corporation Ltd NSE -4.46 %. slipped 3.37 per cent to Rs 619.45 in Friday’s trade. It hit a high of Rs 638.0 and low of Rs 613.8 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 696.31, while the 50-DMA was at Rs 725.55. 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.
