Indian Railway Finance Corporation Ltd. has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. The price has also broken a resistance level in the short term and given a positive signal for the short- term trading range.
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There is no resistance
in the price chart and further rise is
indicated. In case of a negative reaction,
the stock has support at approximately
32.60 rupee. Volume has previously been
high at price tops and low at price bottoms.
This strengthens the trend. The stock is
overall assessed as technically positive for
the medium long term.
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