TEXINFRA trade ideas
Long TEXINFRATEXINFRA looks good to go long on Daily TF! Please check chart for detailed analysis.
Entry: 109.80
Target: 130++
Add more above: 118.60
SL: 105 (DCB)
Let's see how our study goes!
Happy Trading
Texmaco InfraLooking good to go towards 150 levels as it breaks out Gann levels and a multiyear BO
Follow the blue horizontal levels for the traing SL and targets
15 Year's Consolidations BreakoutLarger the Consolidations Stronger the Breakout. Price consolidate in a range nearly 15 year's and finally Price break the Multiyear Range . So High probability after this Breakout we will see a strong continuation Move up to 250 .
13 YR BREKOUT TRY TO BREACH TEXINFRAAfter 13 yrs try to beach high but missed. Keep in radar if cross 94.40 sustain & close massive blast up to 102.8 - 107.7 - 116.25 - 169.70 ..
Texmaco Infra
15 year breakout and a multiyear breakout above 94 would mostly result in a big rally
More volumes coming in and RSI looking perfect in all the timeframes
Good for near to medium term
PS: weekly closing should be above 91.6
TEXINFRA more than 15 years of consolidationNSE:TEXINFRA BSE:TEXINFRA
Time Frame – Monthly
Observations : -
* Consolidation & range formation seen in 15 -80 range for more than 15 years.
* Good volume activity seen in last 2 months
* Range BO and trendline breakout already done now price trying to sustain above 80
Resistance – 94.40 / 108 / 126 / 145
Support – 60-68 range
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes 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 reading.
texinfraThe company has reported total income of Rs. 5.3526 crores during the period ended June 30, 2023 as compared to Rs. 6.3081 crores during the period ended March 31, 2023.
The company has posted net profit / (loss) of Rs. 0.3327 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.1231 crores for the period ended March 31, 2023.
The company has reported EPS of Rs. 0.03 for the period ended June 30, 2023 as compared to Rs. 0.01 for the period ended March 31, 2023
TEXMACO INFRATEXMACO INFRA (1D)
CMP 78.80
Symmetrical Triangle pattern
Ready for Breakout
Close within 52 Week high Zone
Stock PE 326.86
Industry PE 67.75
Very High PE
Be careful and Keep Quantity low as per own Risk Apatite
Buy Texmaco Infra on dipsAs can be seen the price action is stronger than Broader market Nifty. price is comfortably above 50 and 200 EMA. Cloud A and B are moving upwards as well.
