TransRail has recently formed a textbook cup and handle pattern, signaling a potential bullish breakout. The stock showed strong momentum after retesting the breakout zone and is currently consolidating near key resistance.
Key Points:
• Cup Formation: Evident over the past months, indicating accumulation.
• Breakout Levels: First breakout candle confirmed; price now approaching resistance at ₹830.25.
• Buy Trigger: Entry above ₹830.25 for bullish confirmation.
• Fibonacci Targets: Next potential targets at ₹888.35 (1.13 Fib), ₹945.25 (1.41 Fib), and ₹986.30 (1.618 Fib).
• Stop Loss: Maintain SL at ₹777.15 to manage risk.
• Volume: Strong earnings volume supports the setup.
Watch for sustained volume and a decisive move above resistance for confirmation. Add TransRail to your watchlist for a potential swing trade opportunity!
Key Points:
• Cup Formation: Evident over the past months, indicating accumulation.
• Breakout Levels: First breakout candle confirmed; price now approaching resistance at ₹830.25.
• Buy Trigger: Entry above ₹830.25 for bullish confirmation.
• Fibonacci Targets: Next potential targets at ₹888.35 (1.13 Fib), ₹945.25 (1.41 Fib), and ₹986.30 (1.618 Fib).
• Stop Loss: Maintain SL at ₹777.15 to manage risk.
• Volume: Strong earnings volume supports the setup.
Watch for sustained volume and a decisive move above resistance for confirmation. Add TransRail to your watchlist for a potential swing trade opportunity!
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.