Buy Railtel for 190+ levelRailTel Corporation of India Ltd. is an Indian public sector enterprise which provides broadband, VPN services and to modernize train control operation and safety system of Indian Railways.
Weekly closing above 135, open the door for ATH.
Traded above 20/50/100 EMA
RSI near to 60
RAILTEL trade ideas
Possible trend breakout in Railtel?From the past few months stock was in a down trend, now it has finally given breakout from its consolidation. Previously price level of 105-108 was acting as a resistance, now price has closed above this level indicating a possible shift in the trend.
If stock manages to sustain above this price, we can expect a decent rally in coming days. All possible targets are marked on the chart. Stop-loss can be maintained at 96.
This is just a view, not recommendation to trade. Do your own analysis before making any investment decision.
Do like, share and comment your thoughts.
NSE:RAILTEL
EMA and price action support at hourly chart of RAILTELThe 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 indicator is also near oversold zone.
It might be a high probability trade. Please Do your own research before taking any Trades.
Entry should be 133
SL should be 129.25
Target should be 145.
Breakout in RAILTELBreakout 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.
RAILTELRAILTEL:- 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 the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
RAILTEL - Ichimoku Bullish Breakout 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 for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
RAILTEL: Cup and Handle breakoutNSE: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.