indian railways theme is again picking momentum. if we check charts of railway theme like IRFC, RVNL etc, barring couples, almost all are nearing breakout.
once breakout is given the price is likely to retest its high and in some cases will make a new high.
one such company is TEX RAIL. price is trying to take support at its strong support zone and is consolidating at those levels. price is at value zone and will eventually breakout.
safe players are advised to buy above the resistance channel breakout for minimum risk.
as always people are advised to trade as per their risk capacity.
once breakout is given the price is likely to retest its high and in some cases will make a new high.
one such company is TEX RAIL. price is trying to take support at its strong support zone and is consolidating at those levels. price is at value zone and will eventually breakout.
safe players are advised to buy above the resistance channel breakout for minimum risk.
as always people are advised to trade as per their risk capacity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.