RailTel Corporation of India Ltd - 27.04.2023
The stock is trading @ 114 levels
The prices are at EMA
There is a Resistance @ 119 levels
Watch out for the price action
From the past few months stock was in a down trend, now it has finally given breakout from its consolidation. Previously price level of 105-108 was acting as a resistance, now price has closed above this level indicating a possible shift in the trend.
If stock manages to sustain above this price, we can expect a decent rally in coming days. All possible...
RAILTEL:- May you get time to buy it, wait for breakout, good stock of railways, right price
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all...
Stock Name - Railtel Corporation of India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 138
#This is not Buy and Sell recommendation to any one. This is...
Railtel breaks out from resistance of triangle pattern on high volumes on 1D timeframe. Initiate long position. Be wary upcoming earnings. Follow stop loss and target appropriately.
As the railways and telecommunication sector is on bull run , we can't forget RAILTEL to join the rally , a beautiful setup for investment in short term. Just keep patience after investing to catch good move.
