IRCTC shares up 0.47% as Nifty drops
Shares of Indian Railway Catering & Tourism Corporation Ltd. gained 0.47 per cent to Rs 643.5 in Tuesday’s trade. It hit a high of Rs 648.75 and low of Rs 635.9 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 649.73, while the 50-DMA was at Rs 634.92. 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.
