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 👍🎯
TEXRAIL
Texmaco Rail and Engineering - Breakout Setup, Move is ON...#TEXRAIL trading above Resistance of 241
Next Resistance is at 383
Support is at 154
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Texmaco Rail and Engineering - Long Setup, Move is ON...#TEXRAIL trading above Resistance of 154
Next Resistance is at 241
Support is at 123
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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
Crossover Trade - TEXRAIL📊 Script: TEXRAIL
📊 Sector: Capital Goods-Non Electrical Equipment
📊 Industry: Engineering
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 57.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 178
🟢 Target 🎯🏆 - 197
⚠️ Stoploss ☠️🚫 - 170
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
TEXRAILTEXRAIL:- The stock has given a breakout after 9 years. Keep an eye on the stock.
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 the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Texmaco Rail and Engineering - Long Setup, Move is ON...#TEXRAIL trading above Resistance of 99.50
Next Resistance is at 154
Support is at 83
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEXRAIL | Multiyear Breakout📊 DETAILS
Sector: Railways Wagons
Mkt Cap: 6,560 cr
Texmaco Rail & Engineering Ltd is an engineering infrastructure co. & part of the Adventz Group, The co. is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures.
TTM PE : 95.61 (Average PE)
Sector PE : 41.69
Beta : 1.32
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
9.35% away from 52 week high
Outperformer - Texmaco Rail and Engineering up by 20.91% v/s NIFTY 50 up by 8.13% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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Indian Railway Stocks Railway stocks can breakout again if price closes and sustains above 7115
1) IRCTC
2) CONCOR
3) IRFC
4) RVNL
5) RITES
6) BEML
7) TITAGARH
8) RAILTEL
9) IRCON
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
TEXRAIL - Long Setup, Move is ON.. NSE:TEXRAIL
✅ #TEXRAIL trading above Resistance of 154
✅ Next Resistance is at 241
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEXRAIL - Doubler in making? NSE:TEXRAIL
Texmaco Rail & Engineering Limited is engaged in the business of manufacturing of rolling stock, hydro mechanical equipment, steel castings, agricultural and other equipment.
TTM EPS: 1.10
TTM PE: 51.27
Sector PE: 27.99
Book Value Per Share: 40.50
P/B: 1.40
Face Value: 1
Mkt Cap (Rs. Cr.): 1,815
Dividend Yield: 0.18
Some Positives:
High Piotroski Score - Companies with strong financials
Strong Annual EPS Growth
New 52 Week High
Bullish Engulfing Pattern (Bullish Reversal)
Increasing Revenue every quarter for the past 2 quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Red Flag: High Interest Payments Compared to Earnings
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining profits every quarter for the past 3 quarters
Declining Net Cash Flow : Companies not able to generate net cash
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
My Opinion: I think the stock can hit 77 from here in next few days. In next 1-2 years it can give good returns.
NOT A RECOMMENDATION. JUST FOR EDUCATION.
TEXRAIL - Long Setup, Move is ON..NSE:TEXRAIL
✅ #TEXRAIL trading above Resistance of 123
✅ Next Resistance is at 154
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Texmaco Rail and Engineering - Long Setup, Move is ON...#TEXRAIL trading above Resistance of 83
Next Resistance is at 99.50
Support is at 66
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEXRAIL - Ichimoku BreakoutStock Name - Texmaco Rail & Engineering Limited
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 116
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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TEXRAIL - Long Setup, Move is ON..NSE:TEXRAIL
✅ #TEXRAIL trading above Resistance of 91
✅ Next Resistance is at 123
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Texmaco Rail and Engineering - Long Setup, Move is ON...#TEXRAIL trading above Resistance of 66
Next Resistance is at 83
Support is at 45
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Texmaco Rail and Engineering...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.