After a sustained downtrend since July 2024, Railtel is showing signs of a potential trend reversal, evidenced by the formation of higher lows since March 2025.
Today, the stock exhibited significant bullish momentum, opening with a gap-up and closing with a 6.70% gain on substantial volume. This move is supported by short-term Exponential Moving Averages (EMAs) which are in a bullish positive crossover state.
The price is now at a critical juncture, testing a long-term horizontal resistance line. A decisive breakout above this level is essential for further upside. If successful, the next major obstacle will be the descending trendline that rejected a breakout attempt in June.
Keep a watch on this one !!
Today, the stock exhibited significant bullish momentum, opening with a gap-up and closing with a 6.70% gain on substantial volume. This move is supported by short-term Exponential Moving Averages (EMAs) which are in a bullish positive crossover state.
The price is now at a critical juncture, testing a long-term horizontal resistance line. A decisive breakout above this level is essential for further upside. If successful, the next major obstacle will be the descending trendline that rejected a breakout attempt in June.
Keep a watch on this one !!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.