📊 Recent Price Context
RVNL has been rallying sharply this week, up ~20–25% over the last 5–7 sessions amid sector optimism (rail fares hike & pre‑budget buying).
Current prices have now moved well off recent lows and are trading near short‑term resistance zones.
📈 Key Levels to Watch (1‑Week Swing)
Resistance (Upside)
1. ~₹380–385 — Near‑term swing resistance
Price has reacted here during recent rallies and this zone aligns with Fibonacci retracement resistance from the recent downtrend.
2. ~₹395–405 — Next barrier zone
Psychological and technical resistance from broader hourly/daily pivots. Breaching this would be bullish short‑term.
3. ~₹415+ — Larger breakout resistance
Stronger supply zone in short‑term technical studies; a clear break above here opens momentum for higher swings.
Bullish bias short‑term only if price holds above resistance breakouts.
Support (Downside)
1. ~₹360–365 — First support zone
Often an important short‑term floor if profit‑taking occurs after strong gains.
2. ~₹345–350 — Key pivot support
Near recent pivot and shorter moving averages — breaching this may weaken the short‑term bullish case.
3. ~₹330–335 — Stronger base
Below this could signal retest of broader consolidation area seen earlier in December.
📌 What to Watch This Week
📌 If price sustains above ₹380–385 with good volume → potential push toward ₹395–405.
📌 If it fails at resistance and drops below ~₹360 → risk of support test at ₹345–350, then ₹330.
📌 Broader market breadth (Nifty/BSE market conditions) & sector cues (budget news) will heavily influence intraday/week momentum.
RVNL has been rallying sharply this week, up ~20–25% over the last 5–7 sessions amid sector optimism (rail fares hike & pre‑budget buying).
Current prices have now moved well off recent lows and are trading near short‑term resistance zones.
📈 Key Levels to Watch (1‑Week Swing)
Resistance (Upside)
1. ~₹380–385 — Near‑term swing resistance
Price has reacted here during recent rallies and this zone aligns with Fibonacci retracement resistance from the recent downtrend.
2. ~₹395–405 — Next barrier zone
Psychological and technical resistance from broader hourly/daily pivots. Breaching this would be bullish short‑term.
3. ~₹415+ — Larger breakout resistance
Stronger supply zone in short‑term technical studies; a clear break above here opens momentum for higher swings.
Bullish bias short‑term only if price holds above resistance breakouts.
Support (Downside)
1. ~₹360–365 — First support zone
Often an important short‑term floor if profit‑taking occurs after strong gains.
2. ~₹345–350 — Key pivot support
Near recent pivot and shorter moving averages — breaching this may weaken the short‑term bullish case.
3. ~₹330–335 — Stronger base
Below this could signal retest of broader consolidation area seen earlier in December.
📌 What to Watch This Week
📌 If price sustains above ₹380–385 with good volume → potential push toward ₹395–405.
📌 If it fails at resistance and drops below ~₹360 → risk of support test at ₹345–350, then ₹330.
📌 Broader market breadth (Nifty/BSE market conditions) & sector cues (budget news) will heavily influence intraday/week momentum.
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คำจำกัดสิทธิ์ความรับผิดชอบ
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน