RAIL VIKAS NIGAM LTDRail Vikas Nigam Ltd for Intraday 31st October #RVNL
Resistance 470. Watching above 471for upside movement...
Support area 460. Below 455 ignoring upside momentum for intraday
Support 460.Watching below 459 for downside movement...
Resistance area 470
Follow Strict Stop Loss And Risk Reward If You Follow Leves.
Railvikasnigam
RVNL - Bullish Consolidation Breakout with VolumesNSE: 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
RAIL VIKAS NEXT STOP GONNA BE 🪐#60(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
Leave a comment that is helpful or encouraging. Let's master the markets together .