#texmacorail trade idea kindly take the look at the levels given on chart
this is only for educational purpose
TEXRAIL trade ideas
7 Years Multiyear Downward Trendline Breakout at TEXRAIL 7 Years #Multiyear Downward Trendline #Breakout at #TEXRAIL (Texmaco Rail & Engineering Ltd) Weekly Chart. Its #Outperformed #Nifty
BSE: 533326 / NSE : TEXRAIL
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts
Texmaco rail .... Do you see what i see ???Everything is mentioned on charts. wait for the Buy setup to trigger .This is just my view.... trade according to your own risk management.
TEXRAIL BREAKOUTTEXMACO RAIL & ENG - TEXRAIL POTENTIAL BREAKOUT
TEXRAIL is in an ascending parallel channel pattern for a very long time. Now it has broken out of a 5 month Trendline.
Entry - Above 45.80
SL - 41
Target 1 - 49
Target 2 - 57
Study the stock before making any investments.
TEXMACO RAIL & ENGTEXRAIL:- Texrail attempting to give a ascending triangle pattern at weekly chart. wait for resistance trendline breakout confirmation. keep on radar.....
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.
TEXRAIL Triangle BreakoutTexrail attempting to give a bullish breakout from Triangle pattern on 1D timeframe with rising volumes. Enter after resistance trendline breakout confirmation.
TEXRAIL SHARE BUY OPPORTUNITY 46 LEVEL TEXRAIL SHARE buy opportunity 46 level and long term investment big profit exception my view and other technical view so comments box
Exhaustion of Supply? End of retracement?1. Price has retraced on falling volumes.
2. The small body candle formed at the end of retracement has its low at exactly the same level as a previous BO candle low (watch green color support line)
3. The next small body candle has a higher closer and at a higher volume.
4. Also the change of inclination of ROC(9) on (close) and ROC (3) on (Hull MA (Close10)) on 22nd and 23 Sept is similar to 26 the May, when a small body candle (A hammer) was formed at the end of minor downtrend.
5. Since 2020, sales have been lower in Qtr ending June compared to the one ending in March and Sept.
6. Also in May 2022 Texrail bagged big order from Indian Rail. With festival season around (Durga Pooja, Dusshera, Diwali) Indian railways, TEXRAIL's biggest customer, will run more trains.
Texrail Ascending Channel BreakoutNSE:TEXRAIL
Pattern : Ascending Channel
What is Ascending Channel?
An ascending channel is the price action contained between upward sloping paralle lines.
We can draw trendline by connecting Higher high and higher lows to form a channel.
Support and resistance zone can be seen by connecting wicks.
Ascending channel shows uptrend of an undelying.
Breakout above Ascending channel can idicates Uptrend continuation with aggresive upper target.
Breakdown below and ascending channel can indicate a possible trend change.
Use : Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
How to trade ?
1. Breakouts : Trade breakout of channel.
2. Support and Resistance : Trade reversal if back from Resistance or Support.
3. Breakdown: Trade breakdown of Channel.
Trendline : Weekly Trendline Breakout - 4 December 2022
Ascending Channel Support Zone:
Successful accumulation can be seen
Ascending Channel Resistance Zone :
Tested 3 Times.
4th time boom and back in the channel.
5th time inside Resistance zone indicates Possible breakout.
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
How to Trade ?
1. Buy Set up - Trade Breakout : Buy above Red Ascending Channel Breakout.
2. Risky trader can buy >= 46.40
3. Inside Red lower zone sell intraday or short term with target at least 3%
Stop loss:
LONG OR BUY
1. Long term stop loss not more than 4%
2. If buy at 46.40 stop loss 44.50
3. Intraday stop loss for short not more than 1.28%.
Target For Long term buy :
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
Reentry criteria:
If fail or forget to enter or sl hit reenter with the same logic.
Intraday stop loss 1.28%. Long term stoploss 4%
Texmaco Rail & Engineering Ltd Texmaco rail
Sector: Infrastructure - General
Flag pattern breakout given
Buy with stoploss 41
Target - 47, 49 53
Holding period (2-3 weeks)
texrail -swing trade - symmetrical trianglefollowing into symmetrical triangle buy when upper trendline break and retest entry with stop loss at centre of triangle
TEXMACO RAIL & ENG - Long term BullishTEXMACO RAIL & ENG - Long-term Bullish
1. Now in a support zone, If it breaks means it will form a head and shoulder pattern.
2. Target is 33, Once it completed the pattern it will move upward.
3. buy at 33 and Long term target will be 60.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
TEXRAIL weekly breakout stockgood breakout stock on weekly time frame with good volumes
you can enter now or after retest
Buy Today, Sell Tomorrow: TEXRAILDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Multiple Trendline Breakout in TEXRAIL
Buy Today, Sell Tomorrow: TEXRAIL
BULLISHTEXRAIL CMP 37
retest done post bo
accumulation zone 37-33
support near 30-27
can reach highs 48-70
Swing tradeEntry at current level with immediate target nearly 10-12% with SL any candle close below current candle and enjoy it
TexrailWait for Pullback to Retest the breakout zone
Trade Plan -Will enter test position at Pullback and rest above the high of Breakout Candle
for T1- 76 & T2 126 in medium to long term
TEXRAIL FOR LONG1. Breakout
2. Go long as per your risk & reward
3. Make a tight sl
4. VOLUME IS GOOD
Texmaco Rail - Looks like a turnaround story Patten : Cup and handle pattern completed
Volume in past few months : Near to All time high
Fundamentals :
Sales in 2015 - 439 crores (Price ~140 rs)
TTM sales - 1768 crores (Price ~40 rs)
To be checked : If current quarter results will be high, stock is ready to move to ATH price.
