🚆 Multi-Signal Confirmation on Fundamentally Strong TEXMACO RAIL!

Technical Snapshot: MACD Divergence: Clear signs of bullish MACD divergence on weekly chart — while price made lower lows around March–April 2025, the MACD histogram and signal line showed higher lows. This often hints at weakening bearish momentum and potential trend reversal. AVWAP Support: Price has taken strong support near the long-term AVWAP (~₹117) from the major swing low. This confluence strengthens the possibility of accumulation in this zone. 200-Day Moving Average Resistance: The current price of ₹160 is still trading below the 200-week SMA (~₹208), which may act as an overhead resistance. A breakout above that level could trigger strong bullish momentum. Fundamental Strength: Strong ROCE: The company boasts a high Return on Capital Employed (ROCE), indicating efficient capital utilization. Consistent Profit Growth: Over the past few years, TEXMACO RAIL has shown steady profit growth, driven by increasing demand in the infrastructure and railway sector. Sectoral Tailwinds: With increasing government spending on railway infrastructure, this stock stands to benefit from macroeconomic catalysts. Conclusion: With bullish MACD divergence, AVWAP acting as a base, and fundamentals supporting long-term potential, TEXMACO RAIL looks promising. A breakout above ₹170–₹175 could mark the start of a fresh uptrend, especially if accompanied by volume.