RVNL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Rail Vikas Nigam Ltd (RVNL)

📊 Trend Overview

Current Trend: RVNL is in a mild uptrend, trading above its 50-DMA (₹348) but still below its 200-DMA (₹375). This suggests short-term bullish momentum with long-term resistance overhead.

52-Week Positioning: At 26.5% of its 52-week range (₹295 – ₹549), the stock is recovering from its lows but remains far from its peak, indicating potential upside if momentum sustains.

📈 Momentum Indicators

RSI (67.6): Bullish. Approaching overbought territory, signaling strong momentum but also caution for short-term traders.

MACD (3.46): Positive crossover confirms bullish momentum. Histogram is rising, supporting continuation.

Volume: Current volume (79.87L) is below the 1-week average (129.79L), suggesting reduced participation. A volume spike would strengthen breakout conviction.

📉 Chart Patterns & Moving Averages

Price Action: The stock has rebounded from its recent low and is forming higher lows. It’s currently testing resistance near the 200-DMA.

Support Levels

₹348 – 50-DMA and recent swing low

₹330 – psychological support and prior base

Resistance Levels

₹375 – 200-DMA and short-term ceiling

₹400–₹420 – previous breakdown zone

📌 Bollinger Bands

Price is near the upper band, confirming momentum. Bands are widening, suggesting increasing volatility and potential for a breakout.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 345–355 Near 50-DMA and support zone

Exit (Short) 375–380 Resistance zone, near 200-DMA

Exit (Long) 400–420 If breakout sustains above ₹380

🔍 Market Behavior

Trending: Mild uptrend, supported by MACD and RSI.

Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless RSI peaks and volume fades.

🧠 Summary

RVNL is showing signs of recovery with price action above its 50-DMA and bullish momentum indicators. RSI and MACD support upside potential, though volume needs to improve for a confirmed breakout. Traders may consider accumulating near ₹345–₹355 and watch for breakout above ₹375 for targets toward ₹420.

Let me know if you'd like to compare RVNL with other railway or infrastructure sector plays.

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