IRCTC

share price: Railway stock rallies over 3%, first target hit; experts say ‘hold’ – Check revised stop loss

Shares of IRCTC saw a strong intraday rally, rising nearly 3–3.5 per cent during the trading session and hitting fresh short-term targets. The stock, which was trading around 648 in the morning, climbed to an intraday high of 652, prompting traders to reassess their strategy. Market experts had earlier recommended a buying call in the 629–630 range. The stock subsequently built a closing base around 636, which analysts now suggest should be treated as the revised stop loss level for those holding positions. Rally backed by volumesAccording to technical experts, the upmove in IRCTC was supported by healthy trading volumes — a key indicator that the rally may have further legs. With the first target achieved, investors were advised to stay invested rather than rush to exit, provided they trail their stop losses appropriately.