Titagarh Rail breaks out of 60-minute triangle, up 4%

Titagarh Rail Systems rose 4.01% to Rs 730.85 after a 60-minute triangle breakout; support is Rs 670, resistance Rs 738 and Rs 761. Titagarh Rail Systems Limited closed near Rs 730.85 on 11 November 2026, up 4.01%, after breaking out of an ascending triangle on the 60-minute chart. [ TITAGARH ] pushed above the pattern top. Railway stocks rallied broadly. Market watchers link the rally to pre-Budget sector rotation, with expectations of higher government spending. Titagarh was among the gainers. Its Q2 results are still awaited. A rise on sector flow, ahead of earnings, can fade if the numbers disappoint. The company returned to profit in Q1 FY27, with consolidated net profit of Rs 52.6 crore. On the 60-minute chart, the stock fell from near Rs 855 to near Rs 640, then built a triangle with a flat top near Rs 713 and a rising base. Today’s low of Rs 712.95 held at that top. A close above the pattern is an early sign of trend reversal. Support sits at Rs 670, with resistance at Rs 738, matching today’s high, and Rs 761. A move above Rs 738 would confirm the breakout. A close below Rs 670 would put it in doubt. Stance: constructive above Rs 670, confirmed above Rs 738. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.