RVNL trade ideas
A heavy supply zone detected in RVNL.RVNL has reached all time high, in fact it reached multiple ATH this month alone. But as this month reaches its end, so does the rally in this stock and todays price movement proves it. As you can see, from this month, when this stock moved up it lasts long for 4 days, and then then a selling spree started which too lasts for 4 days. After that stock again continued its rally for around 5 days which, later accompanied by selling stretched till 6 days. Here don't consider number of days as rock solid because few variations are acceptable, and we traders know that. Now after 2 whole cycles of BUY-SELL are completed, third cycle takes place, and after 5 whole days of buying, I think that the stock will move down for another 5-6 days. And from averages of previous two downfalls, it is possible that CMP will decline by around 7.32%. Other important factor that supports this view is that, at around 80.30 level doji candlesticks are formed and not one 1 or 2 but after 1 p.m. today indecision prevailed.
#RVNL Distribution process to begin soonAll the description on the chart!
Disclaimer - Please DYOR, don't take any position based on the mentioned analysis,
Buy Rail Vikas Nigam LimitedBuy Rail Vikas Nigam Limited (NSE:RVNL)
Buy Range- 60 - 62
Target- 68 - 70
StopLoss- below 57
Potential Return- 12-15%
Approx trade duration 8-10 days
RVNL - POSITIONAL CALLThe stock has created strong support in the zone of 27.80 - 30.
Sustaining the same, it is most probably moving towards 42 to 52 levels in the coming months.
Type of Trade: Positional Long Call
Verdict
27.80 - 30 is a region of support.
Trades?
Buying on the dip, depending on how price action is.
Rail Vikas Nigam Parallel Channel BreakoutRail Vikas Nigam
Time Frame : Daily
Observation:
* Swing High Break
* Parallel Channel Breakout
* Mean (EMA) Diversion
Resistance/Target: 40 44 47 52 54
Support: 35; Dynamic Support at 200 EMA
RVNL IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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#rvnlRVNL- The Stock had given the breakout in December-2020 on symmetric triangle pattern and advised at 24 to Buy for 32-34 Level, that already achieved, now again the stock has given a breakout on symmetric triangle pattern now at 32 advise to buy at current price for the next target of 34-36-38-40 in next 1-2 Months. Who has already taken got early mover advantage.
RVNL - breakout possible- tale of 3 boxeslooks ready to break out of the box on weekly chart. positional trade, inspired by IRCTC run up ?
for education purpose only.
RVNL NSE BULLISHVIEW ABOVE 35.5RVNL NSE Rail Vikas Nigam is bullish if 35.5 holds. Near All-time High and good breakout above 35.5.
** Educational purpose only
NSE:RVNL
RVNL LONG POSITIONAL FOR LONG TERMMAKING A BROADENINNG CHANNEL ON UPPERSIDE.
STOCK IS GOING TO MAKE ALL TIME HIGH.
50-70% RETURN IN NEXT 2 MONTH.
RVNL :: Very Near to Falling Trend LineRVNL seems to break the falling daily trend line before the announcement of results
Once it closes above the next target would be around 33.
RVNL Daily AnalysisRail Vikas Nigam Limited is an organization associated with Indian Railways involved in building the rail infrastructure required by the railways.
Analysis done with only Supply, Demand, Support and Resistance Levels with one indicator RSI (Momentum Indicator)
Why One Should Buy?
Because We have Two levels of Demand and these levels are tested three times in the previous history.
Also, We have analyzed that RSI Momentum is increasing in the daily chart.
If one buys at Buy-1 then Stop loss can be taken at Buy-2 Level.
This analysis is purely based on the demand and supply, There are no patterns and Pullbacks included.
We will update our analysis with patterns and pullbacks after tomorrow market Close
Let's test this simple demand and supply strategy.
RVNL - Retest of Breakout - Swing TradeThe above analysis is done purely based on price action and chart patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup (Entry, SL and Target) is shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
RVNL - Bullish view - Price will move to 25RVNL - Bullish view - Price will move to 25, Accumulation zone - 18 to 20
Buy RVNLBy plotting Fibonacci we found that stock has a strong support @ 16.55 and stock is in reversal mood, even yesterday's candle was red but closed above day before yesterday's candle. It shows upward move. Hence, recommended to buy at LTP Rs. 17.30 for a short term target of Rs. 19 and 20. Time frame 7-10 days
