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RailTel Corp. of India Ltd. (NSE: RAILTEL) Technical analysis





🔍 Chart Summary

  • Pattern: Symmetrical triangle / wedge formation.

  • Current Price: ₹371.50

  • Resistance Trendline (Downward): Around ₹400–₹405 (yellow line).

  • Support Trendline (Upward): Around ₹363–₹365 (white line).

  • Horizontal Support Zone: ₹327

  • Horizontal Resistance Zone: ₹400–₹413

📈 Trading Plan

1. Entry Options

  • Aggressive Entry:
    Around ₹370–₹372 (near current price) — anticipating breakout continuation from rising trendline.

  • Conservative Entry:
    Above ₹382–₹385 on strong volume breakout from the yellow downtrend line.

2. Targets

  • Target 1: ₹400 (previous swing & resistance)

  • Target 2: ₹413 (major resistance & pattern breakout target)

  • Target 3 (Extended): ₹440–₹450 (if it sustains above ₹413)

3. Stop-Loss (SL)

  • Swing-based SL: Below ₹362 (below recent higher low / trendline support)

  • Conservative SL: ₹355 (below white trendline for confirmation buffer)

4. Risk–Reward Example

Entry Stop-Loss Target Risk–Reward
₹372 ₹362 ₹400 1 : 2.8
₹385 ₹355 ₹413 1 : 2.3

⚠️ Technical Notes

  • Price is near the apex of the wedge, so a breakout or breakdown is imminent in November.

  • Watch volume confirmation — breakout above ₹385 with volume would strengthen the bullish case.

  • Breakdown below ₹362 could retest ₹327 zone.


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