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Railway Stocks: Railway stocks have been in a lot of discussion this year. At the beginning of the year, railway stocks showed good strength, but after that they also declined. Some investors bought railway stocks at high prices and after that, the share prices came down. In such a situation, now the money of investors is stuck in railway stocks. These stocks include IRCTC, IRCON, and IRFC. Now market experts have told what strategy should be kept in these stocks.
IRCTC
Talking to ET Now Swadesh, a market expert has said that IRCTC is in a state of stagnation. He has termed the level of 900 as a support on the downside. He believes that if it goes below Rs 900, it can break down to 850.
The stop-loss for the stock is Rs 900 and it is advisable to hold it. Exit it if it falls below Rs 900.
ICON
According to market experts, this stock can check 200 DMA (Daily Moving Average). They have said that keep a stop-loss of Rs 235 for the stock and if the stock falls below this level, then there can be further decline.
IRFC
Market experts have told about IRFC that there is a support for it at Rs 160. Then another support is at Rs 150. He further told that keep a stop-loss at Rs 150 in IRFC shares. Exit when it falls below this level.
Disclaimer: The equity market is risky, so invest at your own risk. Before investing, take expert advice. The advice given here is based on the report of ET Now Swadesh and the opinion on the stock is based on the information given to ET Now Swadesh by market experts. Times Now Navbharat.com is not giving any advice on investment.
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