#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...
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
Here 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...
long 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
Breakout retest , short term tgt 42, long term open target, very less chance to go down from here, if it goes keep adding till 25, sl weekly close below 25. 1 year target 52+.
