The long-term outlook is bullish for RailTel Corporation of India. Strong support is in the ₹320-₹300 region. A dip to test this support zone is possible in the short term. However, a fall beyond ₹300 is unlikely. Fresh buyers are likely to come into the market around ₹300 and limit the downside. A fresh leg of rally anywhere from the ₹320-300 region can take the stock up to ₹460 and ₹500, the important resistances to watch. This rise can happen in the next couple of quarters. Eventually, we can expect the stock to breach ₹500. Such a break will boost the bullish momentum. It will then have the potential to take RailTel Corporation of India share price up to ₹800 over the next one year. Long-term investors can buy RailTel Corporation of India shares now at ₹369. Accumulate on dips at ₹3
Muhurat Trading: Samvat 2082: Diwali Stock Pick: RailTel Corporation of India (₹369.30)

60