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RVNL trade ideas

#RVNL TRADE IDEA SETUPGreetings Folks, today i have prepared a setup on RVNL on NSE the analysis is as follows - the price DID NOT gave a satisfactory breakout of the previous high which is also the ATH - the volume is marginally low - i have mentioned 2 support zones the above one is the immediate one which price can retest to again breakout the ATH with good volume - the zone below is the important zone, it should not be broken for the price to continue a bullish trend - do not try to time your entries, the market MAY OR MAY NOT can reverse, but we are not the not to decide until we have a good bearish structure dont play with fire, always use predefined stoploss
NSE:RVNLLong
by profitpujari
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 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. Please do like, support, and follow me for daily update.
NSE:RVNLLong
by TraderRahulPal
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.
NSE:RVNLShort
by devdhodi