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Investtech Indices
Indian Railway Finance (543257.BO)
Close: 142.15 (+0.55), Nov 22, 2024
Hold
High risk
Candlesticks
Short term: Hold
Medium term: Hold
Long term: Positive
Short term
Indian Railway Finance Corporation Ltd. has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has support at rupee 135 and resistance at rupee 156. Positive volume balance strengthens the stock in the short term. The stock is overall assessed as technically neutral for the short term.Recommendation one to six weeks: Hold (Score: -18)
Medium term
Indian Railway Finance Corporation Ltd. has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock is between support at rupee 125 and resistance at rupee 173. A definitive break through of one of these levels predicts the new direction. Positive volume balance strengthens the stock in the short term. RSI diverges positively against the price, which indicates a possibility for a reaction up. The stock is overall assessed as technically neutral for the medium long term.Recommendation one to six months: Hold (Score: 8)
Long term
Indian Railway Finance Corporation Ltd. has broken the rising trend channel in the long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The stock has support at rupee 33.00 and resistance at rupee 216. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which weakens the trend break. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The stock is overall assessed as technically positive for the long term.Recommendation one to six quarters: Positive (Score: 51)
Overall analysis
Indian Railway Finance Corporation Ltd. is technically neutral for the short and medium term, but positive for the long term.Recommendation one to six months: Hold (Score: 23)
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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