IRCTC, RVNL: Can Budget 2025 trigger a rally in rail stocks? Tech view here

Quick Summary:

Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.

The daily chart, however, shows presence of near support at Rs 747; below which major support for the stock stands at Rs 720 - the 200-WMA (Weekly Moving Average).

At present, the stock is seen seeking support around its 200-WMA (Weekly Moving Average) at Rs 718, with key momentum oscillators in oversold zone.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Railway budget 2025 Irctc share price Railway budget Container corporation Railway stocks Rail stocks Texmaco Irfc Budget 2025 Budget 2025 Railway stocks Irctc stock price Rvnl share price Railway shares Rvnl stock price Trading strategeis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 11:16:19 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 773 words

Reading Time: 5 minutes read

Sentences: 26 lines

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Copyright Owner: © Business Standard

News ID: 25487520

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