TITAGARH trade ideas
Titagarh Rail Systems Ltd. ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
Titagarh Rail Systems Ltd.
Target: RS 1120
CMP: RS 1063.45
STOP LOSS: RS 995
Disclaimer: I am not Sebi Registered.
Titagarh Rail will take me to my "Ghar"With the massive investments infused by Govt of India on Railway Sector to the tune of 1lakh Crore - most of the Railway Themed stocks are flying like Bullet Train.
Titagarh Rail Systems
an Amazing Upward Parallel Channel on Monthly
On Daily - Beautiful Box pattern BO followed by Ascending Triangle Formation
Triangle BO pending above 1075 WCB for target of 1225.
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Titagarh Rail Systems Flag Breakout Titagarh Rail Systems Flag Breakout
Buy Now Already breakout done
Stoploss 910-925
Target Near 1350-1400
Holding Time 2-6 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
twlSteel Authority Of India Ltd. , Bharat Forge Ltd. & Ramkrishna Forgings Ltd. in Partnership with $Titagarh Wagons Ltd. are in the race to manufacture forged wheels for Vande Bharat trains, LHB coaches & Locomotives in the country, to reduce dependence on import of wheels.
In September last year the govt had floated a tender for these wheels to be used in high speed & semi high speed trains.
Currently these wheels are majorly imported from China. Now according to Industry participants these wheels are manufactured only by Railways for captive consumption, but still the demand is huge & the supply is short globally. Thus to meet the domestic requirement the Industry players have to import. Some also say that the price & quality of Chinese players cant be met by Indian players thus import is a cheaper option.
Thus it remains to be seen if India can maintain the same standard then it can also export in huge quantities as $Titagarh Wagons Ltd. not only gets domestic orders but also possesses Export orders which are currently less compared to domestic but it has plans to increase its exports.
Thus if everything goes fine it can be a game changing business for these companies as global market & requirement is huge
TWL retesting its breakout levelTWL has recently given a volume breakout from trendline and a strong supply zone and also crossed its 52 week high of 124.
It is now retesting the earlier resistance which can now act as a support.
One can take add at current market price or wait for a breakout of today's high, mostly above 128.
It can give a good move if it manages to sustain above 118-119 levels
titagarh wagon - bullishcup and handle formation
Insider Acquisition of 300,000 Equity Shares done at an average price of Rs. 89.4 was reported to the exchange on Dec. 31, 2021.
Company became net debt free on standalonebasis during the year and the Net Debt of Rs. 678 crore as at in the end of FY 21 appearing in the financial statements is ona consolidated basis.