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RVNL looks bullish

Scheduled Pinned Locked Moved Charts
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  • R Offline
    R Offline
    Raju Ranjan

    Pro User

    wrote on last edited by
    #1

    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.

    22 July RVNL.png

    1 Reply Last reply
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