RAILTEL: Building Strength at Demand Zone
RAILTEL (Railtel Corp of India Ltd.)
Key Levels:
Demand Zone: ₹348 - ₹357
First Target Zone: ₹452
Second Target Zone: ₹561
Stop Loss: Below ₹345 (demand zone failure)
Structure & Trend:
Stock has been in a corrective phase, respecting the demand zone multiple times.
A potential double bottom structure may be forming around ₹348-₹357.
Golden retracement of the last swing low offers a bounce opportunity.
Trade Plan:
Entry: Around ₹355 - ₹365 within the demand zone.
Targets:
First target: ₹452
Second target: ₹561
Stop Loss: ₹345 on a daily close basis.
Note: A breakdown below ₹345 could lead to further downside; monitor price action.
Key Levels:
Demand Zone: ₹348 - ₹357
First Target Zone: ₹452
Second Target Zone: ₹561
Stop Loss: Below ₹345 (demand zone failure)
Structure & Trend:
Stock has been in a corrective phase, respecting the demand zone multiple times.
A potential double bottom structure may be forming around ₹348-₹357.
Golden retracement of the last swing low offers a bounce opportunity.
Trade Plan:
Entry: Around ₹355 - ₹365 within the demand zone.
Targets:
First target: ₹452
Second target: ₹561
Stop Loss: ₹345 on a daily close basis.
Note: A breakdown below ₹345 could lead to further downside; monitor price action.
Trade attivo
LiveTradingBox, Prices are correcting for retracement towards golden retracement, in this zone some more quantities can be added or fresh buying also can be initiated. with the intact Stop Loss
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.