RVNL inverted head and sholder pattern . Trading above neck line with good volumes.
Hold untill budget.
Key stats
Market capitalization
138.591BINR
Dividends yield (FY)
3.12%
Price to earnings Ratio (TTM)
9.65
Basic EPS (TTM)
6.90INR
About RAIL VIKAS NIGAM
ISIN
INE415G01027
Sector
Industrial Services
Industry
Engineering & Construction
Website
rvnl.org
CEO
Pradeep Gaur
Headquarters
New Delhi
Employees
546
Founded
2003
Rail Vikas Nigam Ltd. engages in the development and construction of railway infrastructure. The firm also provides vital port linkage including the corridors connecting the port of Hinterlands. It railway projects include new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, and institution buildings. The company was founded on January 24, 2003 and is headquartered in New Delhi, India.
RVNL kharidoAfter 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
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
#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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Income Statement
Balance Sheet
Cash Flow
Earnings
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Revenue
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