RVNL, TWL, Rites: Railway stocks back on bull's radar, may rise up to 25%

Railway related stocks are poised for next leg of upside, shows techncial charts

Shares of railway-related stocks have brought back the trading excitement among retail traders after skyrocketing to their new all-time highs in recent sessions.  Rail Vikas Nigam, Ircon International and Titagarh Wagons continue to scale uncharted territories by soaring up to 10 per cent in a session. 

Rail Vikas Nigam and Titagarh Wagons have gained 58 per cent since the start of the current year and continue to trade with robust bullish sentiment. Barring, Texmaco Rail & Engineering that declined close to 5 per cent; Ircon International and Rites soared 22 per cent and 14 per cent, respectively.

Here’s the technical out of