Positional Setup – Transrail Lighting Ltd (CMP ₹637.65)🔍 Current Price Structure:
CMP ₹637.65, showing a strong uptrend over the past few weeks.
The stock has rallied sharply from around ₹430–₹440 levels since early May, forming a parabolic move.
Currently testing the previous swing high zone (~₹640–₹660) from January 2025.
⚙️ Technical Outlook:
Strong momentum with minimal pullbacks in recent candles.
Volume confirmation is key – if volumes sustain or increase, the uptrend may extend.
Some resistance expected near ₹660–₹680 (previous rejection zone).
Short-term consolidation likely before another leg up.
✅ Positional Trade Plan
Parameter Level
🎯 Entry ₹630–₹640 (partial) or on dip
🛑 Stop Loss ₹580 (below recent swing low)
📈 Target 1 ₹700
📈 Target 2 ₹760+
⏳ Timeframe 3–5 weeks
🧠 Setup Rationale:
Price has broken out of base and retraced to retest earlier highs.
If sustained above ₹640 with strength, momentum can take it towards ₹700+.
Tight SL advised due to sharp prior rally and risk of profit booking.
