Transrail Lighting LtdTransrail Lighting Ltd is near support level and making a butterfly pattern.
Here, Fibonacci levels are applied. So, If it breaks the ratio of 0.5 & 0.618, we will see 1.0
Based on ratio you can see target level in the chart.
As per fundamentals theory, 0.5 and 0.618 are strong resistance, once sustain above this it will touch to 1.0 and 1.618. So accumulate on every dip.
Also, this stock has took support from the all time high level. It had given the breakout earlier and give some upside movement, now taking support from that ATH level and ready to go up.
TRANSRAILL
TRANSRAILL : Breakout Stock (Swing Trading) #TRANSRAILL #breakoutstock #swingtrading #chartpattern #cupandhandlepattern #patternbreakout #patterntrading
TRANSRAILL : Swing Trading
>> Breakout Stock
>> Cup and Handle pattern
>> Breakout with Volume
>> Good Strength in Stock
>> Risk Reward Favorable
Swing Traders can lock profit at 10% and keep Trailing
Please Boost, comment and follow us for more Learnings
Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
Transrail Lighting Limited#TRANSRAILL Buy near IPO price and hold it for 1:2.5 Profit.
Entry: 605
SL: 565
Target: 700
Check BIO for any help.
Comment stocks for review below.
Happy Trading!!!
Transrail Lighting IPO represents an opportunity to invest in a well-established company with robust financials, a diverse service portfolio, and a strong presence in a high-growth sector. Its strategic expansion plans and proven operational efficiency position it as a strong contender for long-term growth




