railtel is in flat mode tradeing in between 117 - 127 ... if it breaks above 127 the next target will be 150.. if it breaks below 117 then next target will be 100...
RAILTEL seeing good support at listing day opening price range. it has traded with good volume and closed above 20DMA. it formed Morning star pattern at support. ADX cross over on daily chart. Bullish Engulfing seen on weekly chart.
hm Volume profile makes it clear why Raitel fell back to its listing day price level... My previous analysis went wrong coz I didn't apply Volume profile analysis then. disclaimer: For educational purpose only
long now in cash target 199
BULLISH IN RAILTAIL SL: 125 TARGET: UPTO 180 FOR MEDIUM TERM
Considered only who didn't sell other big players bought and sold Price reacting areas suggest pending orders.... FTB in price action terms if its first time disclaimer : Educational Purpose only
Power Patterns of price action in Railtel