Buy Titagarh Wagons Limited (NSE:TWL) Buy Range- 180 - 185 Target- 200 - 205 StopLoss- below 170 Potential Return- 10-12% Approx trade duration 10-12 days
TWL for long term investment. All time high breakout and entered into uncharted territory.
LookOut for Twl , its has formed cup & handle in weekly timeframe (W)
TWL - Inverted H&S pattern on monthly time frame!! Entry - Above 190 monthly close
TWL 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 Wagons Successfully broke the Diamond pattern is currently in retest it mat fall in a downward trending pattern most probably the target would be 63-68
NSE:TWL Inverted Head & shoulder pattern break out with high volume. expected Returns-32%
Increasing sales and EPS (2QMA) + nice volume + Increasing RS Line
cup 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.
Titagarh wagons is at a resistance levels of 97 on monthly CHARTS and on the way to form a U shaped rouding bottom pattern.
Look at the historic movements post 100. Currently the stock is facing resistance. Expecting a decent upside.
Can go long with the following 2 targets and red 67 as Stoploss.
Titagarh Wagons, incorporated in 1997, is primarily engaged in the manufacturing of railway wagons. It is one of the leading private sector wagon manufacturers in India. The company has received certifications for its quality management such as ISO 9001: 2000 and BS EN ISO 9001:2000. The rating agency CRISIL has upgraded the rating of TWL from 'A 1' to 'A 1+' i.e....
A bullish triangle formed on weekly chart which is going to breakout and its going to be huge provided it gets support from the financial results that are expected.
Nothing much to say as the chart says it all! BULLISH T1 56ish, T2 61ish, T3 75ish.