hello guys,
rvnl today corrected on profit booking many are trapped at top, because of lack of understanding of chart.
as per chart the trend is intact, add more near 203 196 levels , below 170 bearish trend will follow
as per trendline next target will be 410- 422 depending upon when the upmove resumes, just check the upper end.
i am bullish because one of the rail psu will definitely become a multibillion company, reason, since independence everything has been modernised except railways, imagine india a developed country, we will definitely have bullet trains, ultra fast trains, so high capex will follow in the sector
disclaimer: i entered in rvnl at 117, exited 60 percent at 320.. will add more at lower end of the channel
rvnl today corrected on profit booking many are trapped at top, because of lack of understanding of chart.
as per chart the trend is intact, add more near 203 196 levels , below 170 bearish trend will follow
as per trendline next target will be 410- 422 depending upon when the upmove resumes, just check the upper end.
i am bullish because one of the rail psu will definitely become a multibillion company, reason, since independence everything has been modernised except railways, imagine india a developed country, we will definitely have bullet trains, ultra fast trains, so high capex will follow in the sector
disclaimer: i entered in rvnl at 117, exited 60 percent at 320.. will add more at lower end of the channel