📍 Current Status (as of latest market data):
RVNL trading around ₹356–₹360 on NSE/BSE.
📈 Key Levels for this Week (Intraday / Swing)
🔹 Resistance Levels
1. ₹369‑₹373 — Immediate resistance zone where short‑term counter may face selling pressure.
2. ₹377‑₹380 — Higher resistance; a breakout above this could signal short‑term bullish continuation.
🔻 Support Levels
1. ₹362‑₹357 — First support; holds short‑term pullbacks intraday.
2. ₹354‑₹350 — Deeper support — breach of this could see more downside.
3. ₹345‑₹340 — Strong support zone seen from recent chart structures (near 50DMA and consolidation).
📊 What This Means for the Next Week
✅ Bullish scenario
If RVNL closes above ₹373‑₹377 on daily closes, momentum could push towards ₹385‑₹395 in the coming sessions (momentum breakout).
Sustained buying and above‑average volumes would strengthen upside bias.
❌ Bearish scenario
A breakdown below ₹350‑₹345 could lead to a slide to ₹330‑₹325, where longer‑term support zones lie.
Daily closes below ₹350 increases the chances of deeper correction.
⚡ Neutral / Consolidation
If price stays between ₹350–₹373, expect sideways range‑bound trade before a clearer breakout direction.
🧠 Traders’ Focus This Week
✔ Watch daily closing levels above resistance / supports.
✔ Breakouts with higher volumes matter more than intraday spikes.
✔ Stop losses below the strong support zones (e.g., ~₹345) if positioning long.
RVNL trading around ₹356–₹360 on NSE/BSE.
📈 Key Levels for this Week (Intraday / Swing)
🔹 Resistance Levels
1. ₹369‑₹373 — Immediate resistance zone where short‑term counter may face selling pressure.
2. ₹377‑₹380 — Higher resistance; a breakout above this could signal short‑term bullish continuation.
🔻 Support Levels
1. ₹362‑₹357 — First support; holds short‑term pullbacks intraday.
2. ₹354‑₹350 — Deeper support — breach of this could see more downside.
3. ₹345‑₹340 — Strong support zone seen from recent chart structures (near 50DMA and consolidation).
📊 What This Means for the Next Week
✅ Bullish scenario
If RVNL closes above ₹373‑₹377 on daily closes, momentum could push towards ₹385‑₹395 in the coming sessions (momentum breakout).
Sustained buying and above‑average volumes would strengthen upside bias.
❌ Bearish scenario
A breakdown below ₹350‑₹345 could lead to a slide to ₹330‑₹325, where longer‑term support zones lie.
Daily closes below ₹350 increases the chances of deeper correction.
⚡ Neutral / Consolidation
If price stays between ₹350–₹373, expect sideways range‑bound trade before a clearer breakout direction.
🧠 Traders’ Focus This Week
✔ Watch daily closing levels above resistance / supports.
✔ Breakouts with higher volumes matter more than intraday spikes.
✔ Stop losses below the strong support zones (e.g., ~₹345) if positioning long.
Contact Knowledgehub for a detailed consultation: Dm on WhatsApp: [wa.link/a2o0kz]-
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Contact Knowledgehub for a detailed consultation: Dm on WhatsApp: [wa.link/a2o0kz]-
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.