Rail 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...
The 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...
By 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
RVNL Executes Projects as assigned to it by Ministry of Railways. It is a Forerunner in carrying out Railway Track Laying/Signalling/Electrification/ in India. RVNL has been granted Mini Ratna-I status on 19-9-2013.
The Revenue stream of RVNL is:
(Source: www .rvnl.org/en/pages/aboutrvnl.aspx)
A consolidated management fee (inclusive of supervision charges) based...
