RVNL is fundamentally very strong. I have included this stock for your portfolio in my recent article (8 Indian Stocks That Can Turn 1 Lakh Into 10 Lakh by 2030).
Notice the volume bar spike. According to the volume study, this share price will consolidate here. And will hit the support trendline. RVNL stock price may touch the red support trendline due to the high volatility available there. Afterward, we may see a strong reversal. Be ready to see again Rs.40 – Rs.43.
And short-term and long-term targets are available in the previous newsletter.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Accurate as always
Thank you for sharing this chart.
You are a Price action master.
Please share your views on nifty and bnf