RAIL Vikas Nigam LTD (RVNL) is traded today near $ 323, which extends its weekly losses as the PSU railways continues to face the downward pressure. The arrow opened weak and remained under the pressure of the sale during the session, and failed to attract meaningful purchase despite homing near the main support zone.
Investors seem careful, with no new contracts or government project updates for RVNL this week.
Technical analysis of RVNL: The main support and resistance levels for the price of Rail Vikas Nigam today
- RVNL was traded near $ 323.10, which is a decisive support in the short term
- A collapse less than $ 323 can send the stock to $ 303.10
- The immediate resistance lies in 355.15 dollars, as the sale resumed earlier this month
- The upward trend faces rejection near $ 384.85
- Rsi 31.75 reads, indicating an excessive area
- The MACD direction remains down, weak and weak
The RVNL share price chart shows a declining structure with low low levels and lower lower levels. The price is sitting near the March reversal level of $ 323, but as RSI approaches Overs and MACD in negative lands, merchants await stronger confirmation before entering.
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RVNL Prices: Do you buy Rail Vikas Nigam or more or more?
In the long term investors may start watching this area for potential accumulation, especially with the role of RVNL in the upcoming Indian railway projects. But until the bullish trigger appears, the trend remains at risk.
The price of RVNL today reflects the weak demand and the most uncertainty in the shares of the PSU railway. The bulls must defend the current support to avoid a deeper correction in the upcoming sessions.
