Chart Of the Week (11 Jan 2021)
*Stock has given a bullish Cup & handle Pattern breakout on weekly chart .
*Life time high breakout already happened.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in Rail Vikas Nigam Limited.
CMP-33.25 RECO-Buy Entry Range-Rs.31-35.00 Target-42.00/60.00 Stop Loss-23.00 closing basis
Duration- 06 to 12 Months.
Thanks for reading and kindly let us know if you have any questions.
*Life time high breakout already happened.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in Rail Vikas Nigam Limited.
CMP-33.25 RECO-Buy Entry Range-Rs.31-35.00 Target-42.00/60.00 Stop Loss-23.00 closing basis
Duration- 06 to 12 Months.
Thanks for reading and kindly let us know if you have any questions.
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