Transformers and Rectifiers (India) Ltd (TRIL): Momentum Recovery
TARIL has shown an aggressive bounce-back from its recent lows near 230. The stock closed at 293.95, gaining over 4.7% in the session.
Technical Setup: The large green candle suggests high delivery volume and buying interest at lower levels. However, it is still trading below the long-term Moving Average 20 EMA which might act as a ceiling.
Key Levels: It faces a major hurdle at 310. A breakout above 310 could trigger a massive rally.
Support: The immediate floor is at 265, with a deeper base at 240.
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