CA_Chetanbhasin

Closely monitoring railtel above 140

Long
CA_Chetanbhasin Updated   
NSE:RAILTEL   RAILTEL CORP OF IND LTD
The key Business Objectives of the company is

To facilitate Railways in modernizing their operation and safety systems and network by providing communication infrastructure.

To plan, build, develop, operate and maintain a nationwide broadband telecom and multimedia network to supplement national telecom infrastructure and to spur the growth of telecom, broadband, and IT-enabled value-added services in all parts of the country, especially rural, remote, and backward areas.

To generate revenue through commercial exploitation of its telecom network

The stock since listed in March 21 has not been able to reach its listed levels of 179. Now, after forming a cup and holder formation seems ready to reach 180 levels as Target 1. Fib levels T2 will be 219/ 246 in mid to long term
Comment:
Stock meet all the targets
Trade closed: target reached:
From 137 to 353

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.