Railway Wheels & Ancillaries | Technical Deep Dive : 🚂 Part 3
By CapitalKeeper | Railway Theme | Indian Equities | Market Moves That Matter
Exclusive update on the next wave of railway-themed plays including Bearings, Compressors, Conductors, Generator, Wheels & Tracks, and Cables
🔩 Timken India (Bearings)
- CMP: ₹3,343
- Indicators: RSI 62 (Buy), MACD +23 (Buy), Stochastic 48 (Neutral)—overall technical summary favors Strong Buy
- Targets:
- 📈 Short-Term: ₹3,500–₹3,550
- ⏭️ Extended: ₹3,700 if momentum sustains
- Support / SL: ₹3,200–₹3,250
- Strategy: Buy dips into ₹3,300–₹3,320 with SL at ₹3,200; trail as it nears ₹3,550.
🛠 Elgi Equipments (Compressors)
- CMP: ₹535
- Indicators: Daily technical is Strong Buy; oscillators in Buy zone; MA mixed—6 Buy / 6 Sell
- Targets:
- 📈 Short-Term: ₹560–₹570 (+4–6%)
- ⏭️ Extended: ₹585 (analyst consensus).
- Support / SL: ₹510–₹515
- Strategy: Enter near ₹525–₹530; SL ₹515; scale first near ₹560, then trail to ₹585.
⚡ Apar Industries (Conductors / Power)
- CMP: ₹8,191
- Indicators: RSI ~69 (Bullish), MACD +ve, ADX bullish; consensus technical is strong Buy
- Targets:
- 📈 Short-Term: ₹8,500–₹9050
- ⏭️ Extended: ₹9,134–₹10,200 (Bazaartrend & TradingView)
- Support / SL: ₹9,906
- Strategy: Buy ₹8,190–₹8,200; SL ₹7,906; targets in wave‑based stepping: first ₹8,500, then ₹9,100+.
🛤 SAIL (Wheels & Tracks)
- CMP: ₹132
- Indicators: Tech neutral; 1-week +3.8%, 1-month +22.8%, but 52‑week downtrend
- Targets:
- 🔄 Swing Target: ₹151–₹152 (+12%)
- ⚠️ Analyst downside projection: ₹119 (26 analysts)
- Support / SL: ₹125–₹128
- Strategy: Entry at ₹132–₹135; SL ₹128; exit ₹150.
🔧 Bharat Forge (Wheels & Forgings)
- CMP: ₹1,326
- Indicators: RSI ~75 (Overbought), MACD +21 (Buy), ADX ~62 (Strong Uptrend); mixed signs – overbought but momentum confirmed
- Targets:
- 📈 Short-Term: ₹1,420 (+6%)
- ⏭️ Extended: ₹1,550–₹1,670 if breakout consolidates
- Support / SL: ₹1,250–₹1,280 or SL ₹1,112 (some broker guidance)
- Strategy: Enter ₹1,300–₹1,330; SL ₹1,250; first target ₹1,420, then trail.
🧵 Paramount Communications / KEI / D P Wires (Cables)
- Paramount Comm (CMP ₹55.3): Tech neutral; mixed momentum. Entry near support ₹54. Possible bounce to ₹60.
- KEI & DP Wires: Limited technical data—but rising cable demand suggests supportive fundamentals.
- Paramount-specific Strategy: Buy ₹54–₹54.5; SL ₹53; first target ₹58.
📊 Ancillaries Summary
| Stock | CMP | Support / SL | Near-Term Target | Extended Target |
|---|---|---|---|---|
| Timken India | ₹3,343 | ₹3,200–₹3,250 | ₹3,500–₹3,550 (+5–7%) | ₹3,700 (+11%) |
| Elgi Equipments | ₹535 | ₹510–₹515 | ₹560–₹570 (+4–6%) | ₹585 (analyst target) |
| Apar Industries | ₹8191 | ₹7,906 | ₹8,443–₹8,650 (+5–7%) | ₹9,100–₹10,200 (upside range) |
| SAIL | ₹132 | ₹125–₹128 | ₹150–₹152 (+12%) | – |
| Bharat Forge | ₹1,326 | ₹1,250 / ₹1,112 | ₹1,420 (+6%) | ₹1,550–₹1,670 (+30%) |
| Paramount Communications | ₹55.3 | ₹53–₹54 | ₹58–₹60 | – |
🧠 Capital Keeper Insight
- High-conviction plays: Timken, Elgi, Apar — strong trend & technical coherence.
- Balanced momentum: SAIL and Bharat Forge show good swing potential, with caution due to possible overbought conditions.
- Cables: Paramount offers tactical trade with technical neutrality—watch support closely.
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and subscribe to our newsletter!
India’s Railways is not just a transportation backbone it’s becoming a growth engine. With rising government CAPEX, modernization drives, electrification, semi-high-speed corridors, and Make-in-India momentum, the railway ecosystem is offering one of the most exciting thematic growth opportunities.
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.
By using this website, you agree to the terms of this disclaimer.
Leave a Reply