RVNL has made a trendline breakout with good amount of volume for the Gain of 30% +
CMP : 87 TG : 104 SL : 75 R/R : 1.4 times (Risk to Reward)
Stock's selection based on 5 Point Analysis: 1: Breakout. 2: Supported Volume, Delivery & VWAP. 3: 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: PE, PAT, Industry & peer PE and sector performance. 5: Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
Congratulations on achieving your trading target with RVNL! 🎉🚀 Your thorough analysis of the stock based on the 5-point analysis approach and the consideration of risk to reward ratio have certainly paid off.
The trendline breakout with a good volume of trade was a positive sign, and your decision to enter the trade was supported by other indicators such as the 9/21/55/200-EMA, RS, MACD, RSI, and Super trend. Moreover, your analysis of the stock's PE, PAT, industry and peer PE, and sector performance have further strengthened your position.
The trendline breakout with a good volume of trade was a positive sign, and your decision to enter the trade was supported by other indicators such as the 9/21/55/200-EMA, RS, MACD, RSI, and Super trend. Moreover, your analysis of the stock's PE, PAT, industry and peer PE, and sector performance have further strengthened your position.