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.
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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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。