📍 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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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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!
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.