Texmaco Rail: ₹428.55 Cr Orders, Bullish Setup

Texmaco Rail & Engineering (NSE: TEXRAIL) has secured fresh orders worth ₹428.55 crore, strengthening its order pipeline and railway wagon manufacturing business. Order Highlights ₹329.53 crore order from Jujhar Logistics & Travels for 15 rakes of ACT 1 and ACT 3 wagons, along with 15 BVCM wagons. ₹30.98 crore order from UltraTech Cement for BCFCM1 and BVCM wagons. ₹68.04 crore order from APL Logistics Vascor Automotive for 3 rakes of ACT 3 wagons, along with 3 BVCM wagons. Technical Analysis – Daily Chart The stock is consolidating around ₹100–₹108 after a recent correction. RSI at 45.57 is recovering above its average of 40.63, indicating improving momentum. MACD histogram has turned positive, suggesting an early bullish momentum shift. Support is visible around ₹98–₹100, while ₹108–₹112 is an important resistance zone. Trading Strategy Current Market Price: Around ₹104.40 Preferred Entry: ₹101–₹104 on price confirmation Breakout Entry: Above ₹108 with strong volume Stop Loss: ₹97 Target 1: ₹112 Target 2: ₹118 Target 3: ₹122 What to Watch Next A sustained breakout above ₹108–₹112 could strengthen the recovery and open the possibility of higher levels. A breakdown below ₹97 would weaken the bullish setup. Analyst View: Positive on the order-book development, while the technical chart indicates an early recovery attempt. Prefer accumulation near support or a confirmed breakout rather than chasing the price. Disclaimer: For educational purposes only. This is not investment advice or a recommendation to buy or sell. Please follow appropriate risk management.