IRFC Rally to Pause?

19 thg 2

IRFC has done exceedingly well in the markets like other Railway PSU stocks. No one can deny that these shares have performed well on fundamental backing. However, it will be wrong to say that the rally is not stretched.

Corrections can be of 2 kinds in the market and here there is a possibility of consolidation (time-wise correction). A consolidation is not that bad considering that stocks have run up quite a lot.

A thing to always keep in mind is that one should never come in front of a moving train (pun intended) and hence, if this PSU Railway stock starts another upward journey, one should not shy away from catching this train.

Keep a Stop Loss at 130.

I do expect consolidation but won't be surprised to see higher levels if there is momentum in this sector. Downside seems protected.