IRCTC's stock is showing signs of reversal from the 790 level, a multi-year support, with the 790-840 range indicating intact support and reduced probability of further decline.
"Currently, the stock seems to be reversing from its 790, which is a multi-year support. As it touched 790 and bounced to 840 levels, the price action according to the basics has been 90 levels are intact, reducing the probability of further weakness in the stock."