RVNL chart analysisRVNL chart analysis on daily time frame.
* Ascending triangle
* Can give breakout above 432
RVNL trade ideas
Keep eye on RVNL Chart explain iteself
stock is following a channel pattern shown by thik line
also breaking out of triangle pattern shown by dotted line.
get ready for bigger move
initial target around 294 then 320, 350
RVNL Rounding Bottom FormationStock Analysis
RVNL is showing an interesting chart pattern with a rounding bottom formation.
There is a spike in volume, indicating strong buying interest.
The stock is getting ready to break out and reach new levels.
Trading Strategy
Target Placement: Follow the target level mentioned on the chart.
Stop Loss: Set your stop loss as per the indicated level on the chart.
Watch for the breakout and trade wisely!
The Magical Flying Train - RVNLJust as I explained in my blog the following sectors are going to blast after the Elections given the Government's focus and investments
Railways
Defence
Space
Infrastructure
Green Energy
AI
And like the Indian Preamble says "For the People, By the People, Of the People" - the above sectors are
For - consumption by Indian people
By - Indian Companies
Of - Indian Technology
We are neither dependent on FIIs for their money nor any foreign nations for their Skillset / Manufacturing capabilities. True signs of Atmanirbhar Bharat which will go a long way in to the next Decade
Now, let's compare the Daily and Weekly Charts of RVNL
Daily Chart: Today - RVNL broke out of a Bullish Inverted Head and Shoulders pattern and it blasted more than 15% Intraday to even the Reach the Target 345 - same day
Weekly Chart: On Weekly - the price is seen to be Travelling within a Parallel Channel and repeatedly forming a Rounding Bottom structures.
With the completion of Inv H&S target on Daily, the price actually triggered a Fresh Rounding Bottom BO for weekly. If price settles above 345 by Friday (WCB) - then Target is 478
Additional Targets:
On Weekly, when the price formed a BO - Rest of Prior Rounding Bottom (144 - 345 - 200) - it had a perfect Fib 0.618 Golden Ratio Retracement which comes with their own Targets
Outstanding Targets:
Fib 1.0 Target - 405
Rounding Bottom Target - 478
Fib 1.618 Target - 520
RVNL has a long way to go - keep holding for bigger returns
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
Trendline breakout RVNL gives a fresh breakout on daily chart if closes 333 today one can take a fresh position for a near target of 385 and 425
RVNL LOOKS GOOD RVNL on indian election pov looks good there's a fair value gap at zone 280 to 260 you can enter stock for short term for election perspective and can expect 1st target of 330 and 2nd 350.
Till June or july
rvnl looking goodLooking good above breakout of 275
✍️ According to the time cycle RVNL will complete the base cycle of 120 days
✍️Note
15 may(+-7days) giving breakout according to chart
Not affiliated with any financial institution or SEBI registered.
but currently i think rvnl not follow this base type of pattren but cup and handle forming
Railway share: RVNL STRONG BUY BETWEEN 265 TO 280Any pull back in this share will be an opportunity to add.
It has already breakout its resistance. 260 was a good level for adding .now price is above 280.
Don't worry,,, it will pull back, then do entry.
Target, stoloss all are mentioned in chart.
If it does comes below 280, then do add in staggered manner for target 310/340
Time frame _2_3months
Keep ryr on RVNL Stock is operating in channel and current at its lower trandline
perfect time for entry
also forms Cup and Handle
SL 3% trailing
RAILWAY Stocks are looking good.Railway stocks are looing good on charts. Change of character is visible on all three charts.
KEEP ON RADAR
Patience is The key with simple Analysis for Big Gains. Higher High Higher Low with Flag Pattern
at Support zone with Low Volume - Sign of Weak Seller
Risk : Reward is 1:4
wait for Green Buyer candle to break the Trendline for Target zone.
Found Simple but Important Observation In RVNLSimple Observation
Price has been taking support on this 50-Day Moving Average.
Kindly feel free to message me personally to enquire about any particular stock.
Thank you
$RVNL Correction - Good opportunity to buy at 235NSE:RVNL is looking to get some correction; if the stock reenters the channel - expect 236 level first and possibly 200 level.
book full profit in rvnl ltd dear all price may fall from high 318 cmp market give singal to fall dtock or book profit in this stock
RVNL Weekly Chart Analysis RVNL has given a strong breakout on weekly chart with huge volume spike .
Govt Policies will help to grow RVNL
RVNLGOOD BREAKOUT FROM CONSOLIDATION
CAN TAKE ENTRY AT CMP OR WAIT FOR RETEST
SL IS YOURS
TGT - 10 % BOOK TRAILING SL
-- DISCLAIMER --
I am not a financial advisor or SEBI-registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock
Happy trading
Peace
RVNLRVNL have huge order book. Stock is rallied continuously in last few years. On charts we can observed that stock is giving decent rally after base formation. One cam expect a targets of 210-220 in short term. And for long term 300-400 with sl of base low.
BULLISH VIEW ON RVNL In hourly chart, RVNL is on his way to make a cup and handle pattern. It's good for investing and swing trade only it break cup and handle neckline and it's sustain above. This is only my view, not a recommendation.
RVNL📢breakout stock📢
🫸 Wait for Breakout & than Retest 🫷
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
RVNL⚡ Buy before breakout . Swing treading RVNL has high potential to breakout . Railway stocks Rally is on the way .
Iam try to accumulate 170 to 175 range .
Target 200 .
Swing trade
Follow for more ideas . This is only view
