The HOURLY chart picture is pretty self explanatory.
As you can see RAILTEL took first resistance near 133,
then it broke the Resistance, after that the resistance became support.
First it took support near 13 then made a Higher HIGH, then again it is came to the support of 133.
The sloping up 200 EMA is at 130 (Will probably provide additional support).
RSI...
Breakout in RAILTEL in Weekly Timeframe
Entry: 113.25 ( CMP )
Target 1: 120
Target 2: 140
Target 3: 165
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
RAILTEL:- May you get time to buy it, wait for breakout, good stock of railways, right price
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...
Stock 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 138
#This is not Buy and Sell recommendation to any one. This is...
Railtel breaks out from resistance of triangle pattern on high volumes on 1D timeframe. Initiate long position. Be wary upcoming earnings. Follow stop loss and target appropriately.
NSE:RAILTEL has a perfect, copy book Cup & Handle pattern formation.
The chart looks bullish with the following properties:
A long term Cup & Hande formation with a good volume breakout.
If it sustains above 120, one can go long with a SL of the neckline of the Cup & Handle pattern (i.e. 117)
Long above 120 with a SL of 117.
RailTel has formed a cup and handle pattern and is planning to move aggressively. Able to find the Elliot wave pattern on it . Would estimate to reach 127 shortly
Railtel looks good for swing or long term
SL I think 99 or 🎯🎯🎯 targets 115 /120/135
And it also support of 200 EMA
Do your analysis before investment...
