A flag and pole breakout has been observed in the weekly chart of NSE:RVNL . One can create a fresh position in the scrip around 135 or below with a stopploss of rs 115 for targets of 155/175/195
Exit the position if the stop loss is triggered on WCB.
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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
You can expect bullish momentum in the current or next week.
Disclaimer: This video is for educational purpose and not a recommendation. The analysis posted here is just our view. Do your own analysis or consult your financial advisor before making any investment decision.
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 'Wave Counts'
forming an extended flat after completing its impulse which started from the low of 2020.
Where,
Wave III is equal to Wave I and
Wave V is almost double Wave I and III.
Expecting it'll come to the level of Wave IV.
Trade at your own risk.
Thanks.
Entry: above 130
Target: 180
SL: below 119
EMA's : EMA 21 > EMA 50 > EMA 150 > EMA 200.
Price breaking out from 10 Week base.
Price Up by more than 100% before forming base.
stock has broke a trend line and take a retest an dnow it time to add and buy to portfolio
Budget stocks
fundamentally good stock
multibagger
100% returns in 6-8 months
target 150
disclamer:-
I am not a sebi registered
This is according to my view
Research on your own before investing
This is for education purpose only
