RVNL for Target 430 ( Potential upside for 25 to 30 %)
Updated
Rail Vikas Nigam Limited ( RVNL) is an Indian central public sector enterprise which works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development.
Due to strong order book and good fundamentals i always add RVNL in my watchlist.
On quarterly result RVNL surprise the market estimates and after 8 to 9 weeks of consolidation stock is now again ready for another breakout.
CMP : 341
SL: 310
T1 : 400
T2 : 415
T3 : 430
Note :This is not a recommendation it is only for educational purpose.
Just comment stock name in comments i will analyse and post it
Due to strong order book and good fundamentals i always add RVNL in my watchlist.
On quarterly result RVNL surprise the market estimates and after 8 to 9 weeks of consolidation stock is now again ready for another breakout.
CMP : 341
SL: 310
T1 : 400
T2 : 415
T3 : 430
Note :This is not a recommendation it is only for educational purpose.
Just comment stock name in comments i will analyse and post it
Trade closed: target reached
Trade closed on 2nd targetNote
T3 - Hit
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