Watcher Guru previously predicted that IRFC shares would fall to the 90-92 level, and the forecast has turned out to be accurate. During the time of the prediction, the railway stock was trading at a 120.13 range. IRFC plunged to the 89 level on Monday and has entered the bearish territory.

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What Is Watcher Guru’s Next Price Prediction For IRFC Shares?

Watcher Guru predicts that IRFC shares could fall to the 60-65 level next. The market is set to experience a temporary correction, and the leading railway stock is set for a steep decline. The reasoning for the bearish forecast is that the stock is currently trading below its 200-day Simple Moving Average (SMA), which sits around the 121 level.

This signals a breach of the long-term structural shift as the charts have formed the death cross. The best strategy now is to sell IRFC shares on rises and book profits, rather than indulging in buy-the-dips. Historically, when momentum stocks lose their 200-day support, they revert to older, pre-rally consolidation zones.

In addition, the Indian government, which owns an 86% stake in IFRC shares, announced a 4% reduction early this year. The disinvestment through the Offer for Sale (OFS) has now created a supply overhang for the railway stock. Therefore, more shares will be circulated in the market, leading to oversupply and less scarcity.

Moreover, the Union budget has passed, and IRFC shares now depend on event-based buying. During its peak, the stock was trading at a high Price-to-Book (P/B) ratio for a railway-financing company. A drop to 60–65 would bring its valuation back in line with its historical averages.

Watcher Guru says that IRFC’s 60–65 range will be a major accumulation zone, and replicate the massive 2024–2025 spike, making it the next natural magnet for the price. We advised traders to start accumulating the stock at the 60-65 range.