🚆 Texmaco Rail – Testing Long-Term Support

📈 Technical View Support Zone: Strong demand around ₹120 (200WMA + historical base) is holding well. Resistance Levels: Immediate: ₹150–155 Strong: ₹190–200 (200WMA + previous supply zone) Trend: Stock has corrected sharply from ₹300+ and is now consolidating near its long-term support. Volume: Accumulation seen near support — positive for reversal chances. ✅ Fundamental Snapshot Sector Theme: Railways capex + modernization projects by Indian Railways. Business Strength: Leader in wagons, coaches, and heavy engineering for transport infra. Growth Driver: Govt. push on freight corridors, high-speed trains, and private participation in rolling stock. ⚡ Trading View: As long as ₹120 holds, stock looks attractive for a medium-term bounce towards ₹190–200. A decisive weekly close above ₹200 can re-open the path for ₹250+.