This 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...
The 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
Stock is trading once again in buying zone after OFS, prior to OFS stock broken it's ATH but OFS was at 119 levels so stock fell down, again stock may test it's ATH and further up levels.
RVNL 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...
RVNL has given a price and volumes breakout on the charts look sgood for long term accumulation with the target of 49 / 63 on the charts
RVNL broke major resistance of 37.45 soon we can see the levels of 44
Rail Vikash Nigam Ltd Buy Setup with good fundamental and volume bar.
RVNL weekly strong breakout next small retracement and target coming soooon............
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....
Entry: Day close above 33.50 SL: Close below 30.00