Can Recent Recovery Break the Downtrend?
- Summary:
- IRFC stock shows signs of recovery after hitting key support levels. Explore whether IRFC can overcome its downtrend and target higher levels.
The Indian Railway Finance Corporation (IRFC) share price is showing signs of a cautious rebound, trading at ₹154.33 after gaining 0.21% in today’s session. Despite recent efforts to push higher, the stock is grappling with significant resistance around the ₹156.83 level, as seen in the daily chart.
Key Technical Insights
The chart reflects a well-defined downtrend that began in August, with IRFC experiencing sustained selling pressure after failing to hold above the ₹171.12 resistance. While the stock has recently bounced back from the ₹132.87…
