Texmaco Rail& Eng by KRS Charts20th Sept 2024 / 3:19 PM
Why TEXRAIL ❓
1. All Over Bullish in Trend by making HHs & HLs.
2. Was correcting for over 3 months and Today Big Green Candle Closing with Range Breakout ✅
3. Also, in 1W it'll probable closing hammer candle stick too.
4. Furthermore, my conviction is on today only is because of its in Fibbo Golden Zone ❗
Target is Expected to break ATH price point 👍🎯
Railways
ORIENTAL RAIL INFRASTRUCTURE LTDTechnical Analysis
- After breaking out at ₹150, the stock reached ₹300.
- It consolidated in a range for 6 months before breaking out again in June 2024 to touch
₹450.
- The price has now retraced to the ₹300 level, retesting previous support.
- Fibonacci Retracement: Currently in the golden pocket zone.
- RSI: Indicates a healthy momentum.
- Moving Averages: Trading above the 50 EMA and 200 EMA, indicating a bullish trend.
Fundamental Analysis
- Company Fundamentals: Strong
- Valuation: Slightly expensive but not a significant concern for short-term trades.
Action:
1. Buy Zone:
Consider buying between 331.45 and 304.80, keeping an eye on price action and volume at these levels for confirmation.
2. Stop Loss Placement:
• Place a stop loss around ₹295-298 to limit potential losses if the support levels fail.
3. Profit Booking:
• Start booking profits around 400,₹440 for the short term. If the price shows strength and breaks above the 400 level, hold for a medium-term target of ₹500.
4. Monitor Key Levels
Keep an eye on the 50 EMA and 200 EMA for any changes in trend direction.
Watch for price action around key Fibonacci levels to adjust strategy accordingly.
Summary:
• Entry: ₹331.45 to ₹304.80.
•Stop Loss: ₹298.
• Targets: ₹400,440 (short-term), ₹500 (medium-term).
Risk:Reward = 1.65 ( for target 400 )
2.65 ( for target 440 )
note* This is a circuit stock, UC & LC are very common so please place your SL.
Happy Trading:)
RVNL for Target 430 ( Potential upside for 25 to 30 %)Rail Vikas Nigam Limited ( RVNL) is an Indian central public sector enterprise which works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development.
Due to strong order book and good fundamentals i always add RVNL in my watchlist.
On quarterly result RVNL surprise the market estimates and after 8 to 9 weeks of consolidation stock is now again ready for another breakout.
CMP : 341
SL: 310
T1 : 400
T2 : 415
T3 : 430
Note :This is not a recommendation it is only for educational purpose.
Just comment stock name in comments i will analyse and post it
RAILTEL, railway stocks are setting up again.Check railway stocks, how well they are setting up and buzzing loud on twitter. But like only railtel and texrail, as not looking for stocks which didnt breach 4th June bloodbath bar. No regret if they give big moves as I'm following the system. And between these two, railtel is top priority, as:
-One simple horizontal line setup (favourite), and consolidating for 150 days in the range
-After 4th june big fall, two white dots( 5% move with 1M vol) indicating big players are buying this stock
-Clean setup
Buying above 428 (cheat entry: buying before major resistance in anticipation of breakout.
No buy/sell recommendation.
TexRail, Strong stock from strong sector-Posted Good results, EPS YoY 132% n 43% QoQ growth (thats type of growth in earnings you want to see in stocks you want trade)
TA:
- Mother Candle: 4 days Insidebar Candle
-Green Vol > Red Vol
-Consolidating near previous high BO level = constructive sign
-Good flushing of sellers
-Good Shakeouts, when price go below major ema, here both 21/50 emas, n rally back upside.
-Making HLs
Overall high priority stock for trade, buying above 202
Note: No buy/sell recommendation
RVNL TECHNICAL AND FUNDAMENTAL ANALYSIS Today rvnl has done a bullish break out With a bullish singnal on it. I recommend you to buy and hold it at least a month or so. You Will get good results. In fundamental analysis in February government will announce the budget of the rail way sector.which will inventualy pump the price till then I recommend you to hold. NSE:RVNL
RVNL TECHNICAL AND FUNDAMENTAL ANALYSIS Today rvnl has done a bullish break out With a bullish singnal on it. I recommend you to buy and hold it at least a month or so. You Will get good results. In fundamental analysis in February government will announce the budget of the rail way sector.which will inventualy pump the price till then I recommend you to hold. NSE:RVNL
IRCTC looks good for investingThe long-term prospects for IRCTC appear promising, supported by its historical bullish trajectory. Following a substantial correction, the stock has retraced to a key demand zone, signaling a potential trend reversal. The price action suggests that the corrective phase may be concluding, laying the groundwork for a renewed upward movement. Investors are keenly observing these developments, considering the favorable positioning within the demand zone as an opportune moment to capitalize on potential future gains.
Is IRCTC ready to burst ?Hello, guys. I hope you are doing well. Today, we will take a deep dive into IRCTC. Please read until the end to gain a complete understanding of this stock and its potentiality.
The chart is self-explanatory, so we will keep the technical analysis brief. The stock had been consolidating in a descending triangle pattern for the past two years. After a really big move It has corrected by 50%. Recently, it broke out of this pattern and has started forming a new ascending triangle pattern, indicating a potential upcoming breakout.
Fundamental:-
In terms of fundamentals, it's needless to say that it is a government owned company, authorized exclusively by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and on trains in India.
Revenue Breakout As per 2022 data:-
Internet Ticketing: Approximately 54%
Catering: Approximately 27%
Railneer (Packaged Drinking Water): Approximately 9%
Tourism: Approximately 8%
State Teerth: Approximately 2%
Future Planes:-
>>Company plans to enter the budget hotel service industry.
>>Company intends to establish an e-marketplace offering services such as bill payment, recharges, and other third-party services, including online insurance purchases.
>>The company has plans to explore segments such as Helicopter Travel and medical tourism.
>>The company also plans to expand its non-rail based tourism offerings, including corporate travel business, cruise packages, river packages, and air ticket services.
Financials:-
>>The company is almost debt-free.
>>It's anticipated that the company will perform well in the upcoming quarter.
>>Over the last 5 years, the company has consistently achieved a strong profit growth of 34.9% annually.
>>The company has a solid track record of return on equity (ROE) with a 3-year ROE of 34.6%.
>>The company has consistently maintained a healthy dividend payout of 43.0%.
>>FII, DII holdings are still increasing.
Key Risks:-
I have mentioned all the positive aspects of the company, but there are some key risks associated with the company that you should be aware of:
1.The company is government-owned, which means it can be highly sensitive to both positive and negative news. Any adverse news can lead to a significant decline in its stock price.
2.This stock also experienced price manipulation in 2021.
3. If any pandemic situation comes it can experience a substantial correction.
My commentary:-
We have recently observed that railway-based companies have started to gain momentum. Now, the question is, will IRCTC follow the same? My answer would be that it's possible because if the price breaks the recent pattern with strong volume, then it can potentially make a significant move.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
TRADING TRIANGLE : IRFC -- POSITIONAL TRADE --NSE:IRFC
>Forming a triangle on 4-hour time frame
>It has breakout on the line chart but not on candlestick chart.
> For good confirmation we should wait to align both charts ( line and candlestick ).
> IRFC is facing heavy resistance at 25.50 to 26.50 range if this break then we can initiate a long position.
>Entry above - 26.50.
> RSI has bullish divergence on daily timeframe.
> There is no past trading data at this level so the target shall be a measured move of triangle range.
#Fundamentals
>Current price is below its intrinsic value.
>Its P/E ratio is less than its peers, which makes it undervalued.
>The financials are getting better and the company reported increased profit.
>Revenue is growing at a higher rate than the industry average.
10/11/2021 Research Report For IRCTCDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note I have already bought IRCTC shares for my own portfolio and also we can use this research again for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice from your financial adviser before invest any single rupee. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.M.P (Current Market Price) and Maximum Below at 900
Target 1:- 1090
Target 2:- 1206
Target 3:- 1502
next year target above 49 Irfc is an Indian railway finance company , who is undervalued right now. The correct time to invest in irfc is this because it has crossed the last high . While , we look in for the fundamentals of the company it is far better as compared to irctc and rvnl , Each quarter it is providing huge profits with assured dividends, so, guys I suggest to invest in this for huge returns.. and you can also see the chart patterns . The volume has increased a lot in last few days which is a good indication for the stock.