IRB Infrastructure, Ashok Leyland, RVNL, Cochin Shipyard and Hindustan Zinc shares closed low in today's session and these stocks are looking bearish on technical charts. IRFC touched 52-week low and the stock closed slightly positive. Sentiment in Indian markets is still bearish as selling has been going on in almost all the sectors. The markets have been declining without any relief rally so far. Any rallies have been met with stronger selling. Only sustained buying can improve investor sentiment. Many stocks in public sector are already at their yearly lows.

Key insights for Stocks Facing Bearish Outlook

IRFC

Stock Range: Traded between Rs. 108.04 (52-week low) and Rs. 229.00 (52-week high), showing a significant potential for price swings.
Technical Insight: The 38.2% Fibonacci level at Rs. 154.25 and the 50% level at Rs. 168.52 act as key points of resistance in any upward movement.
Investment Outlook: If the stock remains above Rs. 136.59 (23.6% retracement), it may attempt to reclaim higher levels.

IRB Infrastructure

Stock Volatility: Price has ranged between Rs. 41.04 and Rs. 78.15, with strong historical resistance near the upper levels.
Support & Resistance: The 50% retracement level at Rs. 59.60 may act as a pivot for trend direction.
Outlook: A sustained move above Rs. 66.08 (61.8% retracement) could signal further upside momentum.

Cochin Shipyard

Strong Movement: Stock has seen significant growth, with a 52-week high at Rs. 2,979.45.
Technical Pivot: The 50% retracement at Rs. 1,846.40 is an important level for investors looking for entry points.
Future Prospects: Holding above Rs. 1,399.28 (23.6% retracement) could indicate strength for another rally.

Hindustan Zinc

Sector Leader: Trading between Rs. 284.60 and Rs. 807.70, Hindustan Zinc has seen strong movements.
Critical Resistance: The 50% retracement at Rs. 546.15 serves as a midpoint for further rallies or corrections.
Investor Caution: If the price breaks below Rs. 423.96 (23.6% retracement), downside risk increases.

Ashok Leyland

Automobile Sector Play: Stock has fluctuated from Rs. 157.55 to Rs. 264.65, showing consistent sector demand.
Technical Insights: 50% retracement at Rs. 211.10 is a crucial level to watch for trend shifts.
Potential Upside: A move above Rs. 229.84 (61.8% retracement) could indicate strength for further price gains.

Rail Vikas Nigam

Strong Performance: With a 52-week high at Rs. 647.00, this stock has shown robust investor interest.
Key Level to Watch: The 50% retracement at Rs. 430.03 acts as a balancing point between bullish and bearish trends.
Growth Potential: If the stock maintains levels above Rs. 379.20 (23.6% retracement), further gains could be possible.

Fibonacci retracement levels