RAIL VIKAS NIGAM LTD

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As of May 16, 2025, Rail Vikas Nigam Ltd. (NSE: RVNL) exhibits a bullish trend on the 30-minute timeframe, supported by several technical indicators:

📈 30-Minute Technical Analysis Summary
Current Price: ₹412.45

Relative Strength Index (RSI): 70.92

Indicates overbought conditions, suggesting strong upward momentum.

Moving Average Convergence Divergence (MACD): 2.89

Positive value supports the bullish trend.

Average Directional Index (ADX): 62.56

Reflects a strong trend strength.

Stochastic Oscillator: 78.09

Near overbought territory, indicating strong buying pressure.

Rate of Change (ROC): 0.972

Positive value aligns with upward price movement.

Supertrend: ₹372.14

Below current price, reinforcing the bullish outlook.

Parabolic SAR (PSAR): ₹371.61

Below current price, indicating an uptrend.

Chaikin Money Flow (CMF): 0.216

Positive value suggests buying pressure.

📊 TradingView Technical Summary (30-Minute Timeframe)
On TradingView, the 30-minute technical indicators for RVNL present a Neutral outlook, suggesting a balance between bullish and bearish signals.

⚠️ Trading Considerations
Overbought Indicators:

RSI and Stochastic values suggest the stock is in overbought territory; traders should watch for potential pullbacks.

Support Levels:

Supertrend and PSAR levels around ₹372 may act as support in case of a price correction.

Volume Analysis:

Monitoring volume trends alongside price movements can provide additional insights into the strength of the current trend.

Disclaimer

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