IRCTC Reaches Multi-Year Support – Should You Buy Now...?IRCTC has recently approached a significant multi-year support level at 768. This level has proven to be a reliable support point in both 2020 and 2023, indicating its importance for investors and traders alike. Currently, although we are observing a short-term downtrend in the stock's price, there is a potential turning point in sight.
If the price manages to break above the established trendline and maintains that elevated position, it could signal a promising buying opportunity. This scenario would be reinforced by two key confirmations: first, the reaffirmation of the multi-year support at 768, which historically has provided a cushion against further declines; and second, the breakout above the trendline, suggesting a potential shift in momentum. Thus, careful monitoring of these levels may provide strategic entry points for investment.
