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RAILTEL CORP OF IND LTDRAILTEL CORP OF IND LTDRAILTEL CORP OF IND LTD

RAILTEL CORP OF IND LTD

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RAILTEL trade ideas

Railtel Corporation of India Ltd - Breakout OpportunityDate : 23-Aug-2024 LTP : Rs. 497.30 Resistance Levels: (R1) Rs. 559 --> (R2) Rs. 617 --> (R3) Rs. 722 SL : Rs. 448 on daily close basis Technical View: • NSE:RAILTEL is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 617.80 on 12-Jul-2024, it has retraced 27% to 448.35 level. • On 23-Aug-2024, NSE:RAILTEL has broke out from it's secondary downtrend with higher than average volume. • NSE:RAILTEL is trading above 20 DMA and 50 DMA. On 23-Aug-2024 it closed above 20 DMA and 50 DMA. • RSI has entered buy zone and trading at 55.18. • MACD has crossed over it's signal line and about to cross 0 line. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:RAILTELLong
by vicky252
RAILTEL - AS PER FIB RETRACEMENT, CORRECTION WAVE MIGHT BE OVERHi, This idea is about Railtel Corporation of India Ltd ABOUT THE COMPANY RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers TECHINCALS As per the price action, the first impulse wave took the price all the way from 337 to 615. THen the correction wave commenced which pulled back the price from 615 to 440 levels. The price point as per fib retracement is at the point of 50-61% which as per Elliot Wave theory should be the correction wave Next impulsive wave could start if the price aloses above 475 with volume support FUNDAMENTALS Market Cap ₹ 15,066 Cr. Current Price ₹ 469 High / Low ₹ 618 / 163 Stock P/E 56.4 Book Value ₹ 56.9 Dividend Yield 0.61 % ROCE 20.2 % ROE 15.2 % Face Value ₹ 10.0 Equity capital ₹ 321 Cr. No. Eq. Shares 32.1 EPS ₹ 7.99 Promoter holding 72.8 % Change in Prom Hold 0.00 % Chg in Prom Hold 3Yr 0.00 % Pledged percentage 0.00 % Market Cap to Sales 5.67 Sales growth 29.8 % PEG Ratio 3.81 EVEBITDA 27.9 Quick ratio 1.16 Trade receivables ₹ 1,268 Cr. Sales ₹ 2,658 Cr. Debt to equity 0.02 Price to book value 8.25 Free Cash Flow ₹ 347 Cr. CMP / FCF 75.8 Thanks, Stock-n-Shine
NSE:RAILTELLong
by Stock-n-Shine
Railtel Corporation of India Ltd - Breakout Setup, Move is ON...#RAILTEL trading above Resistance of 531 Next Resistance is at 768 Support is at 411 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.
NSE:RAILTELLong
by MandeepSinghKohli
2
Railtel Corporation of India Ltd - Breakout Setup, Move is ON...#RAILTEL trading above Resistance of 466 Next Resistance is at 531 Support is at 360 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.
NSE:RAILTELLong
by MandeepSinghKohli
Strong Uptrend Continuation Post Breakout:- High Momentum Stock✅The stock has been in a strong uptrend, making higher highs and higher lows. Recently, the price action formed a consolidation pattern with a symmetrical triangle, indicating a potential continuation of the uptrend. ✅ Immediate support around ₹400, which was a recent consolidation level. Stronger support near ₹360, which aligns with the lower trendline and past price action. ✅ There is a noticeable increase in volume accompanying the breakout above the symmetrical triangle, indicating strong buying interest and supporting the bullish breakout. ✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD line is above the signal line, suggesting a bullish trend continuation.
NSE:RAILTELLong
by Marketik
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle 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 Bullish Reversal Pennant Breakout in RAILTEL BUY TODAY SELL TOMORROW for 5%
NSE:RAILTEL
by Kapil-Mittal
10