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RAIL VIKAS NIGAM LTDRAIL VIKAS NIGAM LTDRAIL VIKAS NIGAM LTD

RAIL VIKAS NIGAM LTD

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RVNL trade ideas

A Weekly Pick (Medium-term update) RAIL VIKAS NIGAM Ltd (RVNL)Retail Equity Technical Research Report A Weekly Pick (Medium-term update) RAIL VIKAS NIGAM LIMITED (RVNL) Elliott Wave View: RVNL, Wave (5) of 4 in Play? Dec 24th, 2022, By Dinesh Naidu Medium-term Elliott wave view on Rail Vikas Nigam Ltd (RVNL) suggests that the decline to Rs.84.1 (29th Nov'22) ended wave 5 of 3, downside rally is still in progress with internal subdivision as a A-B-C (Corrective) Elliott wave structure. We assume that cycle from the 20th of June'22 (Rs.29.05) low is unfolding as 5 wave impulse structure. We expect to see a price to pull back in ((4)) before rally takes place towards new highs. Rating: Accumulate, BUY Buying Range: Around 55 to 53 Zone 3 & 6 M Price Target: Rs. 90, 97, 118 Potential Upside (%): 57 to 64 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 concession agreement entered with Ministry of Railway. Business Offerings New lines: This includes augmenting the rail network by laying new railway lines to achieve a seamless bi-modal transportation network. Doubling: It involves the provision of additional lines by way of doubling the existing routes to enable the Indian Railways to ease out traffic constraints. Gauge conversion: This includes the conversion of meter gauge lines to broad gauge railway lines. Metropolitan transport projects: Company takes up projects to set up metro lines and suburban Railway electrification: The Company is engaged in the electrification of current un-electrified rail network and electrification on the new rail network. Workshops: This includes manufacturing facilities and workshops for repairing and manufacturing rolling stock. Others: This includes the construction of traffic facilities, railway safety works, other electrification works, training works, surveys, construction of bridges including rail over bridges, etc. Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
NSE:RVNLLong
by Dino_Naidu
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.
NSE:RVNLLong
by Aniketyourtechnicalanalyser
31
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
NSE:RVNLLong
by KaravaliTradingZone_Official