RAILTEL recently gave very good returns and took a small break from bullish view.
I think the first down leg is over and new leg is going to take place .
the present target will be the recent high as resistance.
stop loss at 209
NSE: RAILTEL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
NSE:RAILTEL is closed above major resistance of 127.50. My idea is to take entry at 127.50 with stop loss of only 123 (-4.50 Points Risk).
My expected upside target will be 136 & 143.50. it may take up to 1-2 weeks.
Note: This is my personal analysis, only for learning. Thanks.
Railtel Corporation of India Limited is a Public Sector undertaking under Ministry of Railways. Railtel is at the forefront of providing nationwide Broadband Telecom and multimedia network in all parts of the country in addition to modernization of train operations and administration network systems.
Valuations are decent as the stock trades at a PE of 16....
