📍 Current Status (as of latest market data):
RVNL trading around ₹356–₹360 on NSE/BSE.
📈 Key Levels for this Week (Intraday / Swing)
🔹 Resistance Levels
1. ₹369‑₹373 — Immediate resistance zone where short‑term counter may face selling pressure.
2. ₹377‑₹380 — Higher resistance; a breakout above this could signal short‑term bullish continuation.
🔻 Support Levels
1. ₹362‑₹357 — First support; holds short‑term pullbacks intraday.
2. ₹354‑₹350 — Deeper support — breach of this could see more downside.
3. ₹345‑₹340 — Strong support zone seen from recent chart structures (near 50DMA and consolidation).
📊 What This Means for the Next Week
✅ Bullish scenario
If RVNL closes above ₹373‑₹377 on daily closes, momentum could push towards ₹385‑₹395 in the coming sessions (momentum breakout).
Sustained buying and above‑average volumes would strengthen upside bias.
❌ Bearish scenario
A breakdown below ₹350‑₹345 could lead to a slide to ₹330‑₹325, where longer‑term support zones lie.
Daily closes below ₹350 increases the chances of deeper correction.
⚡ Neutral / Consolidation
If price stays between ₹350–₹373, expect sideways range‑bound trade before a clearer breakout direction.
🧠 Traders’ Focus This Week
✔ Watch daily closing levels above resistance / supports.
✔ Breakouts with higher volumes matter more than intraday spikes.
✔ Stop losses below the strong support zones (e.g., ~₹345) if positioning long.
RVNL trading around ₹356–₹360 on NSE/BSE.
📈 Key Levels for this Week (Intraday / Swing)
🔹 Resistance Levels
1. ₹369‑₹373 — Immediate resistance zone where short‑term counter may face selling pressure.
2. ₹377‑₹380 — Higher resistance; a breakout above this could signal short‑term bullish continuation.
🔻 Support Levels
1. ₹362‑₹357 — First support; holds short‑term pullbacks intraday.
2. ₹354‑₹350 — Deeper support — breach of this could see more downside.
3. ₹345‑₹340 — Strong support zone seen from recent chart structures (near 50DMA and consolidation).
📊 What This Means for the Next Week
✅ Bullish scenario
If RVNL closes above ₹373‑₹377 on daily closes, momentum could push towards ₹385‑₹395 in the coming sessions (momentum breakout).
Sustained buying and above‑average volumes would strengthen upside bias.
❌ Bearish scenario
A breakdown below ₹350‑₹345 could lead to a slide to ₹330‑₹325, where longer‑term support zones lie.
Daily closes below ₹350 increases the chances of deeper correction.
⚡ Neutral / Consolidation
If price stays between ₹350–₹373, expect sideways range‑bound trade before a clearer breakout direction.
🧠 Traders’ Focus This Week
✔ Watch daily closing levels above resistance / supports.
✔ Breakouts with higher volumes matter more than intraday spikes.
✔ Stop losses below the strong support zones (e.g., ~₹345) if positioning long.
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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.
Related publications
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.