RVNL is trying to break the resistance.
RVNL is in a bull run of its own and we are seeing several stocks in this sector that are performing well. RVNL also looks really good with a wedge formation. Wedges are essentially neutral patterns made up of a resistance and a support line. Breakout on either side should enable you to take a position. Since this particular...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
#RVNL trading above Resistance of 101
Next Resistance is at 135
Support is at 62
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
ABOUT COMPANY:-
Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the...
NOTE: THIS IS AN UPGRADED RECOMMENDATION. PLEASE FIND THE PREVIOUS CHART BY CLICKING ON THE LINK BELOW.
.
.
BUY - RVNL
CMP - Rs. 107
Target - 1: Rs. 130
Target - 2: Rs. 155
.
.
Technicals - Trendline BO
.
This is just a view, please invest at your own risk.
.
Follow me for more!
Resistance Breakout in RAIL VIKAS NIGAM
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and...
RVNL has made a trendline breakout with good amount of volume for the Gain of 30% +
CMP : 87
TG : 104
SL : 75
R/R : 1.4 times (Risk to Reward)
Stock's selection based on 5 Point Analysis:
1: Breakout.
2: Supported Volume, Delivery & VWAP.
3: 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: PE, PAT, Industry & peer PE and sector performance.
5: Entry...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
