Transrail Lighting Ltd – IPO Base Retest and Breakout Setup

Transrail Lighting Limited NSE:TRANSRAILL

Trendxinc

Transrail Lighting Ltd – IPO Base Retest and Breakout Setup

TRANSRAILL

📈 Pattern & Setup:

Transrail Lighting has successfully retested its IPO base and bounced sharply from that level — a strong sign of demand returning at lower zones. After multiple shakeouts and higher lows, the stock is now moving toward a descending trendline resistance near 770–780.

The structure shows classic post-IPO behavior — initial euphoria, deep correction, followed by accumulation and base formation. The volume spikes during each rebound indicate quiet institutional interest building over time. A decisive breakout above 780 could unlock a strong move toward 1000+.

📝 Trade Plan:

✍Entry: Above 780 (breakout confirmation)

🚩Stop-Loss: 725 (below recent higher low)

🎯Targets:

Target 1 → 880
Target 2 → 1003 (30% potential move)

💡 Pyramiding Strategy:

1. Enter with 60% position on breakout above 780
2. Add 40% more once price sustains above 810 with rising volume
3. Trail stop-loss to 750 once the stock closes above 850

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.

source https://www.tradingview.com/chart/TRANSRAILL/Os9Y3xiL-Transrail-Lighting-Ltd-IPO-Base-Retest-and-Breakout-Setup/

source https://www.cryptomadden.com/2025/10/transrail-lighting-ltd-ipo-base-retest.html