RVNL - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup
📌 Stock: RAIL VIKAS NIGAM LTD ( NSE:RVNL )
📌 Trend: Strong Bullish Momentum
📌 Risk-Reward Ratio: 1:3 (Favorable)
🎯 Entry Zone: ₹430.45 (Breakout Confirmation)
🛑 Stop Loss: ₹388.70(Daily Closing Basis) (~10% Risk)
🎯 Target Levels:
₹448.35
₹467.00
₹486.45
₹506.65
₹527.75
₹549.70 (Final Target)
Technical Rationale
✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation
✅ Strong Momentum - Daily RSI >65 , Weekly RSI >57
✅ Volume Confirmation - Breakout volume 41.14M vs previous day's 6.07M (Nearly 2x surge)
✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength
Key Observations
• The breakout comes with significantly higher volume, validating strength
• Well-defined pattern with clear price & volume breakout
• Conservative stop loss at recent swing low
Trade Management Strategy
• Consider partial profit booking at each target level
• Move stop loss to breakeven after Target 1 is achieved
• Trail stop loss to protect profits as price progresses
Disclaimer ⚠️
This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information.
What do you think? Are you watching NSE:RVNL for this breakout opportunity? Share your views in the comments!
Rvnlbuy
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.
RVNL Analysis & PredictionThis is the analysis of RVNL in Daily Time Frame. Watch carefully. The chart explains itself.
There are many positive news on RVNL. Volume is increasing. Making Cup and Handle Pattern, and facing resistance at a level. If it will break and sustain above the level, it is good for the stock. It can go down upto the lower trendline and can give upmove.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About RVNL:
Rail Vikas Nigam Ltd. engages in the development and construction of railway infrastructure. The firm also provides vital port linkage including the corridors connecting the port of Hinterlands. It railway projects include new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, and institution buildings. The company was founded on January 24, 2003 and is headquartered in New Delhi, India.
Rail Vikas Nigam stock turned into a multi bagger in three YearsThe stock of the railway firm Rail Vikas Nigam Ltd (RVNL) zoomed over 500% in the last three years,
The stock turned into a multi-bagger in three years from 21 to 140
The company began its operation in 2005
Role Of RVNLImproving the infrastructure of Indian Railways
Short Term Targets - 200 / 250
Long Term Targets - 500
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.
Will RVNL Break Again its last High again?RVNL on weekly chart moving towards its target for short term 32. RVNL with its support near 26 and come back, showing it going to hit 35 target in the near term.
Entry Level:
At current or below 29 is good to enter, if he goes below then add more shares. last time OFS got a good response which means the company has a good track record and offers at less price. Time frame 6 months to 9 months period to achieve our target.