RAIL VIKAS NIGAM LTDAs of May 16, 2025, Rail Vikas Nigam Ltd. (NSE: RVNL) exhibits a bullish trend on the 30-minute timeframe, supported by several technical indicators:
📈 30-Minute Technical Analysis Summary
Current Price: ₹412.45
Relative Strength Index (RSI): 70.92
Indicates overbought conditions, suggesting strong upward momentum.
Moving Average Convergence Divergence (MACD): 2.89
Positive value supports the bullish trend.
Average Directional Index (ADX): 62.56
Reflects a strong trend strength.
Stochastic Oscillator: 78.09
Near overbought territory, indicating strong buying pressure.
Rate of Change (ROC): 0.972
Positive value aligns with upward price movement.
Supertrend: ₹372.14
Below current price, reinforcing the bullish outlook.
Parabolic SAR (PSAR): ₹371.61
Below current price, indicating an uptrend.
Chaikin Money Flow (CMF): 0.216
Positive value suggests buying pressure.
📊 TradingView Technical Summary (30-Minute Timeframe)
On TradingView, the 30-minute technical indicators for RVNL present a Neutral outlook, suggesting a balance between bullish and bearish signals.
⚠️ Trading Considerations
Overbought Indicators:
RSI and Stochastic values suggest the stock is in overbought territory; traders should watch for potential pullbacks.
Support Levels:
Supertrend and PSAR levels around ₹372 may act as support in case of a price correction.
Volume Analysis:
Monitoring volume trends alongside price movements can provide additional insights into the strength of the current trend.
