IRFC Stock Breaks Triangle Pattern: SEBI RA Manish Kushwaha Eyes ₹200 Target On Volume Confirmation

The analyst said that IRFC trades near the 38.2% Fibonacci retracement level, and recommends a ‘buy’ with a stop loss at ₹125.
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Deepti Sri·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
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Indian Railway Finance Corporation (IRFC) shares have been consolidating within a symmetrical triangle pattern for several weeks.

According to SEBI-registered research analyst Manish Kushwaha, the recent weekly candle close above the upper descending trendline indicates a potential bullish breakout.

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At the time of writing, IRFC shares were trading at ₹145.24, up 0.20% on the day.

The stock is trading near ₹145, around the 38.2% Fibonacci retracement level, which Kushwaha identifies as a key resistance area. 

He noted a slight increase in volume accompanying recent green candles, suggesting early signs of strength, though confirmation would come with a sharper surge in volume.

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Kushwaha recommends a ‘buy’ within the ₹147–₹148 range, setting upside targets at ₹169, ₹185, and ₹200, with a suggested stop loss at ₹125.

He added that the Relative Strength Index (RSI) is around 55.5, reflecting neutral to moderately bullish momentum.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘high’ message volume.

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The stock has declined 3.4% so far in 2025.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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