Rail Vikas Nigam Ltd. (NSE: RVNL) The losing plan on Monday, with a 317.95 support zone less than $ 317.05, which is a decisive level of bulls in the short term. Since global identification tensions markets markets, PSU shares are under fire – and RVNL is not an exception.
The shock of the tariff sends less Indian railway shares
The latest escalation in the American -Chinese trade war led to widespread sales in global stocks. While RVNL is locally focused, Indian infrastructure shares feel pressure from:
- High global bond returns
- Foreign capital flows
- Wide weakness in elegant baskets and PSU
Rvnl graph analysis
RVNL has broken short-term support at $ 335.95 and is now testing $ 317.05-a major axis of March.
- Trend
- Temple: Less collapse
- Momentum: RSI in 40.44 and less
- Immediate support: $ 317.05
- Next main support: $ 300.00 – Psychological round number
- Resistance areas: $ 335.95 and $ 355.15
The final expectations of the RVNL share: Is $ 300 the next station?
RVNL has returned to the danger zone, and the merchants do not commit to knowing if 317 dollars have been done. With the approaching global tensions and the breaking of PSU momentum, the less resistance path is descended – unless the stock is withdrawn suddenly.
Currently, it’s a “waiting and watching” game with a declining bias. Just do not fall asleep on the key – this train moves quickly.
