Hello & welcome to this analysis
After a super run in 2023 its now in a retracement with support at 130 and below that at 100.
Resistance is at 155 and then 165 - sustaining above these levels it could see a decent upside in the medium to long term
Happy Investing
Hello Guy's, i hope you all will be doing good in your life and in your Trading as well. Today i have brought stock from one of the top performing sector in recent time, which is Railways. All Railways stocks like RVNL/IRFC/IRCTC etc, has given multibagger returns in just very short of time, but if i talk about RITES, still has not participated much in recent...
A Bullish Flag and Pole pattern is visible on the Daily chart of NSE:IRFC
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip...
Greetings Folks,
today I have prepared a setup of IRFC on NSE
the analysis is as follows-
- the price is speculating in a minor range right now
- my current bias is bullish so i will not be looking any short trades
- 2 possible entries are given in chart, the breakout and retest one is more probable
- if the market opens negatively, wait for price to settle on...
Expecting Railtel to give a good move from here setting up tight near trend line with fundamentals backing it up. Stop loss can be placed at low of doji candle.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for...
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
NSE:IRCON is an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.
The railway sector is picking up pace in India and this stock is showing consistently increasing sales, net profit and EPS. This has resulted in the stock giving a healthy 33%...
