Indian Railway Catering and Tourism Corporation (IRCTC): IRCTC is firmly holding the support of 100-DMA, rising upward along with the moving average gradually. The trend remains upward till this combination holds. From a bigger perspective, Rs 1,300 levels has become the immediate support. On the higher side, the rally can take the stock higher towards Rs 1,600 levels. If the counter holds 100-DMA, RSI may breakout on trendline with MACD moving towards making a positive crossover above the zero line. CLICK HERE FOR THE CHART
Titagarh Wagons Ltd (TWL): The overall trend has remaind sluggish, except in the last few sessions, where the counter hit the upper circuit. Volumes have remained dull and and the stock has mostly been illiquid, with the candlestick pattern showing no excitement. The immediate resistance comes at Rs 40.90 level with support at Rs 34.60 and Rs 33.10, which are its 100-DMA and 50-DMAs respectively. CLICK HERE FOR THE CHART
RITES Ltd (RITES): This stock can see a strong upside only if it manages to close decisively above Rs 265, which is its 200-DMA. Once breached, the momentum can take it higher towards Rs 300 levels. On the downside, the support remains at Rs 250 levels. The medium-term support remains at Rs 220. The overall trend looks bullish till Rs 220 is held. The counter should witness buying interest above the close of 200-DMA. CLICK HERE FOR THE CHART
Container Corporation of India Ltd (CONCOR): As the counter climbs higher, it is gradually building support that is been held firmly. The range of Rs 325 to Rs 335 has seen buying come in from a medium-term perspective. The Rs 365 – Rs 370 levels, too, have seen follow-up buying. All this strongly suggests a positive outlook. The current rally indicates a resistance in the range of Rs 430 –Rs 440, which the counter is attempting to conquer. The support remains at Rs 400 levels. CLICK HERE FOR THE CHART
Rail Vikas Nigam Ltd (RVNL): This stock is hovering around 200-DMA at Rs 21.30 levels, if manages to cross this level then a further upside cannot be ruled out. The volume has seen a wild swing though. The support comes at around Rs 18 levels. CLICK HERE FOR THE CHART
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