TITAGARH-- Confirmation of reversal , DONETITAGARH is now trading above the 20 EMA High, with RSI also breaking past resistance and trade above 60, indicating a bullish range.
However, keep in mind that market is still volatile and it could impact the stock’s performance, so a well-defined Risk-Reward (RR) and Stop Loss (SL) is essential.
Suggested Stop Loss:
You may choose between the 20 EMA Low or the previous swing low at 1050, based on individual risk tolerance.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading involves significant risk, and it’s essential to perform your own research or consult a financial advisor before making any investment decisions.
Titagarhwagons
TITAGARH - on the verge of Breakout?Currently TITAGARH is very close to 20EMA High and also a resistance, need a good closing above both.
Recent quarter result shows growth in both topline and bottom line as compared to QoQ and YoY.
RSI is very close to bull range, good closing will take it in the Bull Range
Titagarh Rail systems catching the train. Titagarh Rail Systems Ltd. operates as a holding company, which engages in the manufacture and sale of freight wagons, passenger coaches, and steel castings. It operates through the following segments: Freight Rolling Stock, Passenger Rolling Stock, Shipbuilding, and Others. The Others segment includes miscellaneous items like specialized equipment's for defence, bridge girders, tractors, and others.
Titagarh Rail Systems Ltd CMP is 1197.50. The positive aspects of the company are Company with Low Debt, Rising Net Cash Flow and Cash from Operating activity, Annual Profit Growth higher than Sector Profit Growth AND Strong Annual EPS Growth. The Negative aspects of the company are High PE (PE=55.3), High promoter stock pledges AND Companies seeing significant coronavirus impact.
Entry can be taken after closing above 1283. Targets in the stock will be 1338, 1509 AND 1596. The long-term target in the stock will be 1710, 1795 AND 1876. Stop loss in the stock should be maintained at Closing below 1049.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.