📊 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.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.