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IRFC Shares Face Bearish Crossroads as Government Stake Dilution Looms

IRFC Shares Face Bearish Crossroads as Government Stake Dilution Looms

Author:

Global Cryptocurrency

Published:

2026-03-30 08:29:02

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BTCCSquare news:Watcher Guru’s technical analysis proves prescient once again—IRFC shares breached the 90-92 support level as predicted, now trading near 89. The railway stock’s death cross formation below its 200-day SMA (121) signals prolonged bearish momentum. Traders eye 60-65 as the next downside target. The Indian government’s 4% stake sale via OFS compounds selling pressure, mirroring crypto whale dumps that depress prices. Post-Union budget, infrastructure plays face revaluation akin to altcoins underperforming after macro events. IRFC’s technical breakdown reflects strategies used in crypto corrections: short rallies, avoid dip-buying.

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