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RVNL

RVNL poised for a breakout?1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After rising nearly 275% in the last one year, NSE:RVNL pulled back a little in the last one month. Currently, it is consolidating between ₹125 and ₹110. If a breakout happens it will be a buy with stop loss just below ₹109. Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:RVNLLong
by akashbothra
RVNL for 30% (approx..) GainRVNL has made a trendline breakout with good amount of volume for the Gain of 30% + CMP : 87 TG : 104 SL : 75 R/R : 1.4 times (Risk to Reward) Stock's selection based on 5 Point Analysis: 1: Breakout. 2: Supported Volume, Delivery & VWAP. 3: 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: PE, PAT, Industry & peer PE and sector performance. 5: Entry Timing on 2 hour chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
NSE:RVNLLong
by SthitaprajnaYogi
9
'Mildly Bullish' on RVNL for Short termThe Scrip was in a corrective phase since 16th Jan 2023. It has almost corrected 28% from high of 81.75. It took support at lower trendline followed by a ' gap-up' rising 12.22% on next day. After profit booking move the stock seems ready to start its upward trend. The stock has almost minimal activity since last three months. But, after emerging as ' Lowest bidder' for manufacturing & maintenance of 200 Vande Bharat Trainsets, buying activity in the stock is observed signaling interest among mass.
NSE:RVNLLong
by finvestar
RVNL, don't miss this super setup, must check.Hello traders, RVNL is near to 14 month old consolidation breakout, don't miss this railway stock. all the details are mentioned in the chart. don't forget to like and share. it motivates me to post more super setups like this. below setups in related ideas are those which we caught move as big as 120%. check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket. keep learning and keep earning.
NSE:RVNLLong
by Aniketyourtechnicalanalyser
31
All time high Breakout in RVNLPrevious Chart pattern analysis also given in the chart. Which shows, patten achieved all its previous target(46). Currently Stock made fresh breakout, that also its all time high breakout with good volume. Stock has a potential to reach 60 level. 40-44 Level is good for re-entry. Stock shouldn't close below 40. 38 will the SL This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:RVNL
NSE:RVNLLong
by KaravaliTradingZone_Official
The Perfect Fibonacci Retracement ExampleHere is a stock with good cash flows and EPS. RVNL made its previous all time high in January '21. Then, it went for a healthy correction at the end of the month. Getting retraced from the golden level of Fibonacci, then it consolidated till the 3rd quarter of the year. It skyrocketed to the new high at 44.80 in mid October. In this situation, I drew the Fibonacci Retracement from the previous low to the previous high (in an uptrend). The previous low was at 20.60 on 22 December 2020 and the previous high was at 35.55 on 11 January 2021. After that, price went for a correction to 26.55 on 28 January 2021, got retraced. After the retracement, it consolidated between 26 to 34 till 18 October 2021, here price broke out of consolidation and went for a new high at 44.80, which was our desired target. Understanding Fibonacci Levels The theory of getting the 61.8 number is pretty amazing. If we start from 0 and 1 and keep adding the prior number to get a sequence like: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233... Now, in this sequence, if we divide any number by its next number, we will always get 0.618, and if we divide 0.618 by 2, we will get 0.382. The 0.5 level is not officially a Fibonacci level, but it is a major level. So, we come up with a conclusion that 0.618 is the golden ratio, and the golden zone is between 0.5 to 0.618 (between the red lines). This zone is the main point where the price reverses back. Fun fact is, you can also find the work of golden ratio of Fibonacci in the nature too. Read more about it on Google. What should be the target after getting retraced? The target should be always between -0.382 to -0.618 levels (market with black box). And, for further more targets, one should learn Fibonacci Extension. Remember, that targets does not get hit just after getting retraced. After the retracement, price always consolidates before shooting up or down, in the direction of the Fibonacci made or in the direction of the trend. In this scenario, we are in a bullish trend.
NSE:RVNLEducation
by theTAguy
6