The present price pattern of RVNL on the point and figure chart indicates a Bullish ABC breakout.
On every box value chart, RVNL is displaying a bullish trend, and if this trend persists, there may
be further bullish momentum ahead. Additionally, the price is currently trading above the 10-
column moving average, signalling an upward trend.
As long as the price remains above 118, the pattern is likely to maintain its bullish outlook. One
should closely monitor the price movement for potential entry points, considering the positive
trend and the breakout pattern. However, caution is advised, as any failure to sustain above 118
could invalidate the current pattern.