NiftyBreakouts

RVNL - Ready for Next 40%

Long
NSE:RVNL   RAIL VIKAS NIGAM
I started riding RVNL all the way from 25-28 levels to all the way till 199.

It consolidates for few weeks then sudden sharp jump for a week or two, this pattern has been repeating for few times now.
I have previously shared RVNL @ 124 with Target -200 and it made high of 199.25

Now the same pattern is repeating again and RVNL is getting multiple orders worth $ millions. RSI is going 50 + and MACD is turning positive.



Target - 230(40%)
SL - 141

Study the stock and trade responsibly.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.