Irctc sma

Originally Posted by gokul22

Hi Bro,

Just now read your book Art of investing it was really good.

After reading I checked SMA of IRCTC for 50 days it shows 1347 if buy at that level but my stock price falls below that in current market price pleas clarify

Currently, prices are mostly dominated by Corona shutdown. How soon will that go away or will it re-occur later will possibly dictate the price moves.

But in general terms, you also need to look if Nifty holds 50 day SMA and stock also holds a rebound is possible. When Nifty goes into bearish zone , stocks can also get hammered.

In IRCTC case - stock zommed from day 1 of listing and listing day low of 625 and listing day candle range zone 625 to 729 could be a potential zone where investors may buy for long term. Just sharing for educational purpose here