RVNL trade ideas
RVNL #StockMarket #StockToWatch RVNL good stock for positional long term holding
On weekly Chart BO observed if Sustain than good for entry
Also Support from Fibo level
Enter above previous day High
In case of Gap up wait for Retracement
RVNL Buy 30-31 LevelsTGT 36.5
Stop Loss 28.5 (Daily Close)
Stop time 16th July
Min RR 1:3 at Entry
Max Risk 3% of Capital
Twitter: @bull_buy
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.
RVNL- Can become 2x or 3xRVNL can move towards 50 and further 75+ once immediate resistances of 31 and 34 are crossed with volumes. Attaining 50 EMA with decent volumes
.One of the biggest players in the market has significantly increased stake in March quarter. SL can be 18. This is a risky bet so please take precaution while buying.
RVNLRVNL making a flat triangle pattern o support .. if it breakes the upper trendline there's a opportunity for buy and if it goes down the support line we can short ..
DAILY SWING CALL // Monday 1st of March 2021 / NSE: RVNLDAILY SWING CALL // Monday 1st of March 2021 / NSE:RVNL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 31.75
TARGET: 36.5+ (15% Around)
STOP LOSS: 28.5 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
VCP seen in RVPL Good long opportunity High reliable pattern - Sellers unable to push prices down. Price Action is becoming tighter at the right. VOLUMES and BREAKOUT are a MUST!
One should enter ONLY if the closing is above 34
DO NOT DO AMATEUR MISTAKE of Preempting.
Good Luck!
RVNL LONG TRADE.THE RVNL STOCK IS CURRENTLY IN UPTREND, TRADING ABOVE THE SUPPLY ZONE. IT HAS GIVEN BREAKOUT ALREADY. TAKE LONG POSITION AND MAINTAIN A STRICT STOP LOSS OF 28.5.
WAIT FOR THE RESISTANCE BREAKOUTWait for it to clear the resistance at 33.3.
If it clears it then the target is 42.
RVNLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Bullish Peanut Breakout! a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents. Buy with stop loss close below 29.50.
RVNLRVNL is at critical Breakout level, if you can wait for 03-06 months, this stock will be double once the full fledge trains starts from 1st April(As expected), RSI is near 60 and current target is 40 before this month end.
