![]() A daily close above Rs 132 could lead to target of Rs 144 in the near term. The RSI is also well placed with upside potential visible from here on and crossing the Rs 132 zone decisively shall bring about further momentum for upward movement.”Ībhijeet from Tips2trades said, “RVNL stock price is slightly bullish with strong resistance at Rs 132 on the daily charts. One can hold the stock and expect for further gains in the coming days. Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said, “The stock has gradually picked up from the Rs 120-123 zone improving the bias and has the near term target of Rs 147 levels with strong support maintained near Rs 119- Rs 120 levels. Here’s a look at what analysts said on the outlook of the stock.ĪLSO READ: Suzlon Energy shares crash 8% from fresh 52-week high buy, sell or hold? Rail Vikas Nigam stock is trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 moving averages. ![]() RVNL stock has a one-year beta of 0.9, indicating low volatility during the period. In terms of technicals, the relative strength index (RSI) of RVNL stands at 63.5, signaling it's trading neither in the overbought nor in the oversold zone. ALSO READ: Tata Steel shares rose in last four sessions how strong is the uptrend?
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