IRCTC share price today: SUPER STOCK achieves life high on Tuesday - Will it continue to offer big gains? Expert says this

IRCTC share price today: Investor in the IRCTC stocks should know this important thing about this counter. This stock is now positioned to attain new highs in short to positional medium term, Technical Analyst Nilesh Jain, who is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking said. Calling this a SUPER STOCK, the analyst said that the strength in this stock will continue offering opportunities to earn big gains.

IRCTC stock on Tuesday ended at Rs 2027, rising by 0.6 per cent or Rs 11 on NSE after attaining a lifetime high of Rs 2073.  

The company is into a monopoly business and has huge upside from the current levels, Jain said.  

The IRCTC stock has seen this breakout after a long time and is now moving in an unchartered territory. It had consolidated in the 1300-1400 range for a long time.  

IRCTC Share Price – Top Indicators 

The IRCTC stock is looking strong on the technical charts and has seen a breakout from the levels around Rs 2000, Jain said. He said that the short term targets in this stock is between Rs 2400 and Rs 2500 while the positional target of this stock is Rs 2700.  

IRCTC share price strategy  

Jain said that those investors who are holding the IRCTC stock should continue to maintain a long position. He puts the stop loss at Rs 1960.  

For those investors who want to take fresh positions, he said that a wait and watch strategy is recommended. He said that buy on dips is recommended in this stock.  

The 52-week low is Rs 774.65 which was achieved on 26 March 2020.