RVNL trade ideas
RVNL Trading near Channel SupportRVNL has been trading near the channel support level and it has formed Doji candle in the last session. A Doji candle in the downtrend signifies bears might be running out of strength. If it gives a breakout with Good volume, a potential upmove is implied.
RVNL supports at 19.75Channel Consolidation.
Buy at 19.75 with SL below channel levels.
Disclaimer: Views are personal. Follow at your own discretion.
RVNL - BULLISHRVNL looks good to go for 25+ Lvls... Watch for levels pointed on the chart...
Disclaimer:
I am not a SEBI Registered Analyst. Its just a test trade. So, suggest not to blindly follow my charts. If followed, one should always be able to manage risk.
RVNL ConditionalRVNL range bound. May bounce back in range.
However crucial level to check is 50 DEMA. If breaks then bearish.
All ideas are shared assuming Delivery based trades only.
Research for Education Purpose.
RVNL triangle formationTriangle formation is witnessed. I am expecting the stock to go back to raising trend. wait for breakout.
Long Term Bullish RVNL.RVNL NSE Shares:
CMP: 25.05
Bullish from here.
Green Signal from my side.
else
GOD Knows.
