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RVNL - Bullish Consolidation Breakout with Volumes
RAIL VIKAS NIGAM LTD
Long
RVNL - Bullish Consolidation Breakout with Volumes
By BrahmaBull31
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Apr 23
4
Apr 23
NSE: RVNL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 15% to 25% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
bullishbreakout
Candlestick Analysis
consolidation-breakout
nseindia
railvikasnigam
RVNL
stockmarketindia
Supply and Demand
Support and Resistance
swingtrade
volumes
BrahmaBull31
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