RVNL trade ideas
View on RVNLon 25-2-21 we have seen volume growth in RVNL and the trend is looking good so expecting a target of 35 and for 9 to 12-month the target will be 50.
Disclaimer : I'm holding it in my portfolio and before buy please consult with your adviser
RVNLAs price has formed a channel pattern after a breakout the possible level can be Fibonacci extension level , the stock looks good for an investment perspective. " EDUCATIONAL PURPOSE "
RVNL is on Movement Looking strong support of 20 EMA and todays closing with strong hammer candle. MACD is on the crossover movement and also RSI crossing 60.
RVNLPrice is moving in a Parallel Channel
3 resistances meet at one Junction.
Simple Target - Simple Chart - Simple Analysis.
RVNL Weekly BreakoutRVNL | Weekly Breakout | Technicals are bullish.
Volumes Coming. Promotors Stake 87.84%
Over the last 5 years, revenue has grown at a yearly rate of 35.25%.
CMP: 24.05 (Buy at Retest and Dips)
SL : 20.55
Target : 30
Follow strict stop-loss.
This is not a recommendation and is for educational purposes only.
Always follow risk-reward and quantity management.
The above mentioned idea may not work, so beware of the risk you are taking.
RVNLRVNL:- buy on dip 26/28 for target 45/50++ sl 20 dcb
#Disclaimer:-I just shared view for only educational purpose.
BIG BREAKOUT ON WEEKLY CHARTS | BUYING OPPURTUNITY !Stock has completed its pattern formation phase and now has given a clear and comfortable breakout over the levels 30, position can be made with the respective stop-loss for the mentioned targets.
Chart Of the Week (11 Jan 2021)*Stock has given a bullish Cup & handle Pattern breakout on weekly chart .
*Life time high breakout already happened.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in Rail Vikas Nigam Limited.
CMP-33.25 RECO-Buy Entry Range-Rs.31-35.00 Target-42.00/60.00 Stop Loss-23.00 closing basis
Duration- 06 to 12 Months.
Thanks for reading and kindly let us know if you have any questions.
RVNL Long | If it respects the support, One can enter in retest Everything mentioned in the chart itself...
RVNL - Break-out and Big move on cardAs per chart, break-out on weekly on cards...one can start accumulating on dips for higher Targets.
#RVNL WEEKLY CHART VIEW!!#RVNL WEEKLY CHART VIEW!!
Rail Vikas Nigam Ltd. closed near support level.
Technical indicators are mild bearish and sloping downwards.
If price closes below support level 18.80; near by support is 16.20 and if price bounced from support level, the near by resistance is 23 on weekly chart.
