Positional Setup – Transrail Lighting Ltd (CMP ₹637.65)

🔍 Current Price Structure:
CMP ₹637.65, showing a strong uptrend over the past few weeks.

The stock has rallied sharply from around ₹430–₹440 levels since early May, forming a parabolic move.

Currently testing the previous swing high zone (~₹640–₹660) from January 2025.

⚙️ Technical Outlook:
Strong momentum with minimal pullbacks in recent candles.

Volume confirmation is key – if volumes sustain or increase, the uptrend may extend.

Some resistance expected near ₹660–₹680 (previous rejection zone).

Short-term consolidation likely before another leg up.

✅ Positional Trade Plan
Parameter Level
🎯 Entry ₹630–₹640 (partial) or on dip
🛑 Stop Loss ₹580 (below recent swing low)
📈 Target 1 ₹700
📈 Target 2 ₹760+
⏳ Timeframe 3–5 weeks

🧠 Setup Rationale:
Price has broken out of base and retraced to retest earlier highs.

If sustained above ₹640 with strength, momentum can take it towards ₹700+.

Tight SL advised due to sharp prior rally and risk of profit booking.