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Analyst Predicts Dip in IRFC Shares A Strategic Buying Moment

IRFC shares have recently shown volatility, capturing investor attention as they edge towards strategic buying levels.

With technical indicators suggesting a bearish trend, there are emerging opportunities for discerning investors to capitalise on potential dips.

IRFC shares experienced a notable dip below the 150 mark, reaching a day’s low of 144 before rebounding to around 148. The resurgence followed a positive turn in Sensex and Nifty, which gained 300 and 120 points, respectively. The shares saw a 3% rise in daily trading, countering four consecutive days of decline, drawing investor attention to its fluctuating performance.

Anshul Jain, the Head of Research at Lakshmishree, highlighted that IRFC shares are currently exhibiting signs of bearish divergence. Technical analysis suggests further correction in the stock price is likely, and Jain anticipates that the equity has not yet hit its lowest point. He advises investors to remain cautious and consider entering the market only if the price dips below the 100 level.

With all technical indicators pointing towards prolonged bear momentum, IRFC shares might struggle to maintain support above the 120 range. Investors should brace for potentially lower entry points given the current market trends.

According to market forecasts, IRFC shares could continue their downward trajectory, potentially reaching between Rs 109 and Rs 92. This prolonged decline might extend over the next three months, especially if the shares fail to hold their resistance level at Rs 120.

Jain suggests that investors should re-evaluate their portfolios if the stock breaches the 120 level. Home to significant fluctuations, this period could demand strategic patience from investors.

Should IRFC fall to 92, it will revisit its low from December 2023. In such a scenario, it could present a prime buying opportunity for long-term investors, despite the bearish short-term outlook.

Despite the ongoing bearish trends, analysts see potential investment opportunities as the price approaches the lower spectrum. For investors with a long-term vision, entering the market below the 100 mark is enticing.

Long-term prospects for IRFC remain strong, and market corrections could pave the way for strategically timed investments.

Taking positions between the Rs 109 and Rs 92 levels might align with investor strategies seeking value entry points during downward corrections.

The general market sentiment around IRFC is mixed, with short-term volatility contrasting long-term potential. Investors are advised to stay informed and make decisions based on thorough technical analysis.

Cautious optimism is the key. While the prospects of entering at a low point are attractive, the current sentiments require careful evaluation of risk and reward.

For proactive investors, the choice to invest at select declines can be rewarding, particularly in anticipation of future market corrections and recovery.

Investors are on alert as IRFC navigates a potential decline towards Rs 92, seen as a robust buying opportunity. Long-term gains are likely, outweighing short-term setbacks, thus validating strategic investment approaches.


IRFC’s projected decline presents a moment to re-evaluate investment strategies, with the potential for future gains as market conditions evolve.

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