Railtel Corporation of India Ltd - Long Setup, Move is ON...#RAILTEL trading above Resistance of 255
Next Resistance is at 360
Support is at 167
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.
RAILTEL trade ideas
RAILTEL Create Darvas box patternDarvas boxes are a fairly simple indicator created by drawing a line along lows and highs. As you update the highs and lows over time, you will see rising boxes or falling boxes. Darvas box theory suggests only trading rising boxes and using the highs of the boxes that are breached to update the stop-loss orders.
Closely monitoring railtel above 140 The key Business Objectives of the company is
To facilitate Railways in modernizing their operation and safety systems and network by providing communication infrastructure.
To plan, build, develop, operate and maintain a nationwide broadband telecom and multimedia network to supplement national telecom infrastructure and to spur the growth of telecom, broadband, and IT-enabled value-added services in all parts of the country, especially rural, remote, and backward areas.
To generate revenue through commercial exploitation of its telecom network
The stock since listed in March 21 has not been able to reach its listed levels of 179. Now, after forming a cup and holder formation seems ready to reach 180 levels as Target 1. Fib levels T2 will be 219/ 246 in mid to long term
Resistance Pattern Breakout - RAILTELPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
RAILTEL - Ichimoku BreakoutStock 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 282
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Railtel - Pullback BuyA stock i've traded multiple times with good success. Because of this market pullback its giving another opportunity before its next bullish move.
Ideally i'd like to buy it around 215 and then again above 226 in 2 trenches with a SL below 205 and then 220.
The bounce around 215 would mean a pivot towards the 10EMA and then a wedge breakout above 226.. (The optimal setup)
RAILTEL watch for trend line breakoutExpecting 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 any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Railtel Breakout There is a breakout seen through falling resistance trendline (yellow line)
On Breakout there is a rise in ATR as well as good volume
On a 4h chart , it also corresponds to pole and flag
Overall volume of a couple of months indicates bullish momentum
There is also bullish divergence in stochastic (marked by pink line on stochastic indicator)
Tgt =144 Sl = 125.75
RAILTEL - Swing Trade || 2nd May, 2023 #stocks #swingtradeAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 2nd May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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