Greetings Folks, today i have prepared a setup on RVNL on NSE the analysis is as follows - the price DID NOT gave a satisfactory breakout of the previous high which is also the ATH - the volume is marginally low - i have mentioned 2 support zones the above one is the immediate one which price can retest to again breakout the ATH with good volume - the zone below...
I forgot to post this short term trade on trading view. I took some position near 56 region. Did not expect it will go this fast after the resistance. As per the chart it can go up to 178. I sold all my investment at 103 and left the profit for the moon bag. If the share goes to 178 will cut my full position if not planning to re enter around 83 (previous all time...
The stock has created strong support in the zone of 27.80 - 30. Sustaining the same, it is most probably moving towards 42 to 52 levels in the coming months. Type of Trade: Positional Long Call Verdict 27.80 - 30 is a region of support. Trades? Buying on the dip, depending on how price action is.