RVNL kharido

After a short term correction, the stock has consistently been forming higher low formation, and formed a inverted head & shoulder and given breakout too,,On last Thursday, the stock has ralled 5% and also formed long bullish candle which is broadly positive.
For trend following traders now, 20 day SMA or Rs.70 would act as a sacrosanct support zone. Above which, it could move up till 83-88. On the flip side, below Rs 70 traders may prefer exit from the trading long positions.

Disclaimer:- I am holding this stock since 3 years from down level to long term. by the way it is very behatreen stock for long term.

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TraderRahulPal

Rahul Pal (TradingView Moderator)
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