The Railway Budget 2013-14 is scheduled to be presented in the Lok Sabha on February 26.Railway stocks has not shown any spike up as they mostly do. Stock has shown a decline of 8.4% with rise in volumes last Friday.
Kernex is trading near its 200 DMA, and strong support of 56 as seen in above chart. Breaking the support of 56 stock can decline till 52 odd levels.
Buy above 59.5 Tgt 61.2,62.5 and 64 SL 57.6
Sell below 56 Tgt 54.6,52.3 and 51 SL 58
Buy above 84.4 Tgt 86.2,87.1,89.4 and 92 SL 81.8
Sell below 81 Tgt 80,79 and 75 SL 82
The weakest stock of all railway stock is Titagarh Wagon,Stock has declined almost 50% from the high of 485 to last Friday price of 280 in past 1 year. Technically stock is trading well below its 200 DMA below 275 will be hitting life lows. Its taking resistance at its downward falling trendline.
Buy above 283 Tgt 285,287,293,295 and 300 SL 281
Sell below 280 Tgt 275,272 and 268 Sl 282
We do discussion is Live market to update Nifty levels If you are interested you can LIKE the page to get Real Time Updates.
Follow on Facebook during Market Hours: https://www.facebook.com/pages/Brameshs-Tech/140117182685863