Transformers & Rectifiers (India) Ltd is showing its strongest bullish signal in months.
After a sharp fall from the ₹600 zone, the stock created a base around ₹250 and has now broken above the 50 EMA with solid momentum.
What makes today’s move significant is the ₹550M (55 crore) block order, which clearly indicates institutional accumulation.
This type of volume typically appears near bottom reversals, not in distribution phases.
What I'm Seeing
Price reclaimed the 50 EMA after ~70+ sessions
Formation of a double-bottom around the ₹250 zone
High-volume bullish candle showing strong demand
Supply around ₹330–345 being absorbed aggressively
Why It Matters
50 EMA breakout = first stage of trend reversal
Big money stepping in confirms accumulation
Stock entering a low-risk accumulation zone
Declining selling pressure & increasing demand
What I Expect Next
Immediate resistance: ₹342–345
Break above it → upside towards ₹383 and ₹422
Sustaining above ₹330 keeps the bullish structure intact
Medium-term potential recovery zone: ₹500–600
Disclaimer
This is not financial advice. Before taking any trading or investing decision, please consult with your financial advisor.
After a sharp fall from the ₹600 zone, the stock created a base around ₹250 and has now broken above the 50 EMA with solid momentum.
What makes today’s move significant is the ₹550M (55 crore) block order, which clearly indicates institutional accumulation.
This type of volume typically appears near bottom reversals, not in distribution phases.
What I'm Seeing
Price reclaimed the 50 EMA after ~70+ sessions
Formation of a double-bottom around the ₹250 zone
High-volume bullish candle showing strong demand
Supply around ₹330–345 being absorbed aggressively
Why It Matters
50 EMA breakout = first stage of trend reversal
Big money stepping in confirms accumulation
Stock entering a low-risk accumulation zone
Declining selling pressure & increasing demand
What I Expect Next
Immediate resistance: ₹342–345
Break above it → upside towards ₹383 and ₹422
Sustaining above ₹330 keeps the bullish structure intact
Medium-term potential recovery zone: ₹500–600
Disclaimer
This is not financial advice. Before taking any trading or investing decision, please consult with your financial advisor.
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.
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.