Multibagger stock: The railway stock, which hit a 52 week low of Rs 120 on July 13, 2022 touched a record high of Rs 542.55 in Thursday’s trading session. This implies the stock surged over 352% from its 52 week low to its record high in a year.
Multibagger stock: Titagarh Rail Systems shares, which closed at Rs 40.4 on July 13, 2020, were trading at Rs 539 on BSE today taking the three-year growth to 1,234%. In comparison, Sensex has risen 82.85 per cent in three years.
Multibagger stock in focus: In the last three years too, the Titagarh Rail stock has rallied a strong 1241%. The midcap stock, which closed at Rs 36.05 on June 19, 2020 rose to a high of Rs 498.40 on the BSE today.
March 02, 2021
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The stock of Titagarh Wagons has gained 6.9 per cent accompanied by good volume on Tuesday, surpassing a key resistance at ₹53.5. This rally has strengthened the medium-term uptrend and provides traders an opportunity to buy the stock at current levels. Since the stock recorded a 52-week low at ₹20.5 in March 2020, it has been in an intermediate-term uptrend.
However, the stock had met with a key resistance at ₹62 in early January and was on a short-term downtrend until last week, were it took support at ₹48. Moreover, the intermediate-term uptrend had also cushioned the stock at around ₹48.
There has been an increase in volume over the past three trading sessions. The daily as well as the weekly relative strength indices are on the brink of entering the bullish zone from the neutral region.