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TEXMACO RAIL & ENGINEERING LTD

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TEXRAIL trade ideas

TEXRAIL S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:TEXRAIL
by zenthosh
Technical Analysis of Texmaco Rail & Eng Ltd (Taxrail)Technical Analysis of Texmaco Rail & Eng Ltd (Taxrail) Comparing TEXMACO RAIL & ENG. LTD. (TEXRA) Across Timeframes Understanding the Chart: - The provided chart is a technical analysis chart for TEXMACO RAIL & ENG. LTD. (TEXRA) on the National Stock Exchange (NSE) of India. It displays the stock's price movement over a specific period, along with technical indicators like the Exponential Moving Average (EMA) and Relative Strength Index (RSI). Comparing Across Timeframes: - To get a more comprehensive view of TEXRA's price action, let's analyze the chart in different timeframes: Hourly (H1) Chart: Short-term trends: The H1 chart provides the most granular view of price movements. Look for short-term support and resistance levels, as well as potential entry and exit points for day traders. Momentum: - Pay attention to the RSI's behavior. If it's oversold (below 30), a rebound might be imminent. Conversely, an overbought condition (above 70) could signal a potential pullback. 4-Hourly (H4) Chart: Intermediate-term trends: The H4 chart offers a middle ground between the H1 and D1 charts. It's useful for identifying intermediate-term trends, potential breakout or breakdown points, and identifying key support and resistance levels. Daily (D1) Chart: Long-term trends: The D1 chart provides the broadest view of price action. It's ideal for identifying long-term trends, major support and resistance levels, and potential trend reversals. Trend strength: Observe the direction of the EMA. If the price is consistently above the EMA, it suggests an uptrend; if it's below, it indicates a downtrend. Technical Analysis of Texmaco Rail & Eng Ltd (Taxrail) Overview of the Stock:- The chart presents a technical analysis of Texmaco Rail & Eng Ltd (Taxrail) for the 1-hour timeframe on the National Stock Exchange (NSE) of India. The analysis uses various technical indicators, including moving averages, Fibonacci retracements, and the Relative Strength Index (RSI). Key Observations Price Action: - Taxrail has been experiencing a downward trend, with the price currently below its 200-day Exponential Moving Average (EMA). A "Safe Buy Above 235" level is indicated. This suggests that a potential buying opportunity might arise if the price breaks above 235. Fibonacci Retracements: The 0.5 Fibonacci retracement level is at 262.65, which could act as a resistance level. The 0.618 Fibonacci retracement level is at 254.70, which could also serve as a resistance level. Relative Strength Index (RSI): - The RSI is currently below 50, indicating that the stock is oversold. This could suggest a potential rebound. However, it's important to monitor the RSI for signs of a reversal. Potential Scenarios - Based on the current technical analysis, here are some potential scenarios: Downward Trend Continuation: If the price continues to decline and breaks below the 1.0 Fibonacci retracement level (228.86), it could signal a further downward trend. Rebound: If the price breaks above the 0.5 Fibonacci retracement level (262.65) and holds above it, it could indicate a potential rebound. Sideways Movement: The price might remain in a sideways range, consolidating before making a significant move. Trading Recommendations Conservative Approach: Traders who prefer a conservative approach might wait for a clear break above the "Safe Buy Above 235" level with strong volume before entering a long position. Risk Management: It's crucial to implement risk management strategies, such as setting stop-loss orders to limit potential losses. Remember: Technical analysis is a tool to help identify potential trading opportunities, but it's not a guarantee of future price movements. Always conduct thorough research and consider other factors before making investment decisions. Disclaimer: - This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions. Do your own research before buying this stock because I am not SEBI registered person and this is just for educational purposes. We are not responsible for your loss. Thanks for your support as always
NSE:TEXRAILLong
by ForexTrader4all
6
Long oppertunity on TEXRAILTEXRAIL is currently near support level on daily chart. Given that the price broke out at this level with huge volume and appears there is a retest of the support level happening. Its a good time to enter long with stop loss just below breakout candle low. This trade provides ideal risk reward of 1:3. Can wait and see tomm to see if price is supported at this level before entering. Hope you liked this idea, if so please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-)
NSE:TEXRAILLong
by digijagan
Texmaco Rail & Engineering Ltd, target of 430+Texmaco Rail & Engineering Ltd, a part of the Adventz Group, specializes in manufacturing rolling stock, hydro-mechanical equipment, and steel structures, including rail EPC and bridges. Originally part of Texmaco Limited, founded in 1939, the company was established in its current form in 1998 following a demerger in 2010. It has a market cap of ₹9,364 crore and trades at ₹234 per share, with a high P/E of 67.6 and a low ROE of 5.88%. The company has reduced its debt and maintains a healthy dividend payout but faces challenges like a low return on equity and high borrowing costs.
NSE:TEXRAILLong
by profitoptionnew
Texmaco Rail & Engineering Ltd, target of 430+Texmaco Rail & Engineering Ltd, a part of the Adventz Group, specializes in manufacturing rolling stock, hydro-mechanical equipment, and steel structures, including rail EPC and bridges. Originally part of Texmaco Limited, founded in 1939, the company was established in its current form in 1998 following a demerger in 2010. It has a market cap of ₹9,364 crore and trades at ₹234 per share, with a high P/E of 67.6 and a low ROE of 5.88%. The company has reduced its debt and maintains a healthy dividend payout but faces challenges like a low return on equity and high borrowing costs.
NSE:TEXRAILLong
by profitoptionnew
Texrail - Texmaco Rail & Eng Ltd - Buy & HoldHere's a summary of the technical analysis for Texmaco Rail & Engineering Ltd (TEXRAIL) based on various sources: Overall Trend: - As per previous chart history and technical analysis, overall trend is Mixed for this stock. There's some disagreement between indicators. Technical rating is currently "buy" on a weekly basis, but oscillators point to a neutral trend overall. Moving Averages: - Daily moving averages might be showing a bearish crossover, indicating a potential downward trend. MACD Indicator: - MACD is currently showing a bearish crossover, suggesting a downtrend. Other Indicators: RSI (Relative Strength Index) is likely neutral, neither overbought nor oversold. My Personal Opinion as an Technical Analyst:- On the basis of technical analysis done by me, I suggest to buy and Hold this stock. Important Dates: TEXRAIL's next earnings report is on August 8, 2024. This could impact the stock price. Overall, the technical analysis for TEXRAIL is mixed. Some indicators suggest a downtrend, while others are neutral. Here are some additional things to consider: Look at TEXRAIL's stock chart: This will help you visualize the price movement and identify any potential support or resistance levels. All points are mentioned above on the chart. Do your own research: Technical analysis is just one factor to consider when making investment decisions. You should also consider the company's fundamentals, news, and overall market conditions. Thanks for your support as always Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
NSE:TEXRAILLong
by ForexTrader4all
Texmaco Rail - The Choo Choo Train ready to Chug alongTexmaco Rail - One of our 1st multibagger picks recommended at 64 levels has blasted all initial targets given 116, 135, 153 It went on non-stop to reach 225 level blasting out of 9 Year Rounding Bottom Pattern on Weekly. Subsequently price started retesting journey back to the BO zone of 164 and bounced back strongly 2 Months in a Row Target for this Monthly Rounding Bottom pattern is 305 which gives an upside of approx. 58% On Weekly Timeframe: Price is travelling within a Parallel Channel and has completed a Bullish Continuation Pattern - 2 Black Crows and ended the week right at a Resistance level 193 Above 193 WCB - price would complete a Fresh Rounding Bottom Pattern which will take the Targets to 240, 320 Upcoming Targets: 240, 305, 320 Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:TEXRAILLong
by Stocks-n-Trends
Crossover Trade - TEXRAIL📊 Script: TEXRAIL 📊 Sector: Capital Goods-Non Electrical Equipment 📊 Industry: Engineering Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 57. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 178 🟢 Target 🎯🏆 - 197 ⚠️ Stoploss ☠️🚫 - 170 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
NSE:TEXRAILLong
by radha_23
TEXMACO RAIL & ENG - GOOD VOLUMELooking good to enter at 180 if again falls 🔻then you need to average at 150 level Targets - 232,285,350+ Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:TEXRAILLong
by Jagadheesh_JP
1
BUDGET SPECIAL STOCKThe stock has given successful breakout from the previous high and volumes looks very promising... The stock has some cons. But to me chart is always superior so I choose this stock .. Buying at CMP Sl below 110 weekly closing Tgt 280-300++ Will trail if gets it .. What attracts me to this stock : Hidden railway stock Upcoming budget Company order book Increasing FII/DII stakes Increasing profits Decreasing public holding Note :This is my own view on this stock and not any personal recommendation to buy or sell the stock mentioned in this analysis..
NSE:TEXRAILLong
by Paras_gujjar
1
TEXRAILNote: This is for informational purposes only and not a recommendation to buy or sell. Pattern: Triangle Pattern Breakout Signal : Ready to breakout Historical Data: 2015-2024 High breakout observed Retest: Successfully completed, indicating potential strength Point of Control (POC): Located at 178, a critical level Trade Scenario: Short-Term Target Range: 208 to 236 The chart displays a well-defined triangle pattern, signaling a potential breakout. Historical data from 2015 to 2024 indicates a significant breakout from previous highs. A successful retest has been completed, suggesting increased market confidence. Hammer bullish : The hammer candlestick is a bullish trading pattern that suggests a stock has found its bottom and is poised for a trend reversal. It means that sellers entered the market and drove the price down but were eventually outnumbered by purchasers, who drove the asset price up. Note: This analysis is for educational purposes only and does not constitute financial advice. Always do your research and consider your risk tolerance before making any investment decisions.
NSE:TEXRAILLong
by pujarisp