IRFC shares surged with a breakout candle, marked by a strong green candle and the highest daily trading volume in weeks, signaling a robust move and hinting at a possible trend reversal. This momentum could drive the stock toward ₹148 or beyond, suggesting the start of an upward trend.
The Relative Strength Index (RSI) stands at 66.33, reflecting solid bullish momentum for IRFC. If the stock price remains above the Volume Weighted Average Price (VWAP) of around ₹136, a rebound is likely in the near term, according to market insights.
Per analyst Bagadia, IRFC shares are poised for a short-term recovery, particularly if they break past ₹140. Investors should watch for buying opportunities during price dips, while setting a stop loss at ₹133 and targeting ₹148 for potential gains.
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