RVNL target 90RVNL
Entry above 70
target above 89
Stop Loss below 65
note : educational purpose only ,not sebi registered , published on december 20 2022
RVNL trade ideas
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.
RVNL - Breakout PotentialRVNL Breakout of 7-month Trendline with huge volumes.
Can expect a minimum of 5% up-move.
Entry - Close above 32.50
Target 1 - 34.20
Target 2 - 36.00
Target 3 - 38.60
SL - 30.65
RVNL - Simplest Avwap Chart On a weekly timeframe the chart is religiously following its anchored VWAP since the march 2020 low.
It has been creating accumulation zones shown in the BLUE color boxes shifting UP
52 W High BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST Trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
RVNL Strong Bullish breakoutRVNL for Penny Stocks lovers
Fundamentals : Decent, Healthy Dividends payout, Backed buy Bullish PSU sector.
Technicals : Given trendline breakout taking strong support, back into inclined wedge, riding ATH!
R 1: 50
R 2: 55
R 3: 60
S : 37
RVNLNext day movement can be seen
Increasing volume
Gap up openings
If gap up opens up and sustains then it is good to go.
Rail vikas nigam BullishRail vikas nigam seems strong weekly closing
breakout in daily
concentrate if price sustain above 46.40 in 4hrs
RVNL Technical AnalysisRail Vikas Nigam Limited (RVNL) (W)
▶️Buy above 47
▶️Targets:-50/53/56/60+
▶️SL:- 42
▶️Range Breakout with Massive Volumes
{Chart shared for educational purpose}
Feedback/Suggestions welcome🤗
#stockstobuy #Learner #RVNL #StockMarket #SwingTrading #nifty50 #railway
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
Will RVNL break it ATH, check here!Double bottom completed, If sustain above 39, buy for TGT 43-45-49-55 keeping trendline as support. Volume increasing.
CUP & HANDLE PATTERN ON DAILY CHARTJust for learning purpose, is this a cup & handle pattern forming on daily chart of RVNL.???
SHORT-TERM BULLISH in RVNL !!#WEDNESDAY#
NSE:RVNL
Follow @VK2413
BUY :- RVNL !!!
{
TRIGGER:-31.5-32
TARGET:-34-37
SL:-28
};
WHY TO BUY ??
{
after a HUGE FALL from past a month ,it's forming a long legged DOJI(on WEEKLY CHART).
wait for this week ,let candle to form completely.
if it forms support ,we can see huge POTENTIAL in its growth.
HOPE PEACE TALK of RUSSIA-UKRAINE begins SHORTLY !!!
}
Like👍 , Follow @VK2413 ,🙏 Share love ❤️ ;
} HAPPY TRADING;
buy RVNL BUY RVNL short term trade (swing trade) just at the support level can buy and hold for minimum of 10-20% and stop-loss just below the support zone so that u don't loose money if something unexpected occurs
Rail Vikash Nigam Ltd Buy SetupRail Vikash Nigam Ltd Buy Setup with good fundamental and volume bar.
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.
rvl bullish deep crablong only when candle closes above lower yellow line on close basis for target of upper line and yes do not get trapped\
if you are already in, manage the position
