RVNL Share Price | Big signals on multibagger RVNL stock chart, expert advice, will the stock give breakout – NSE: RVNL
RVNL Share Price | The stock market has been continuously falling for the last few days. Many stocks are falling in the stock market (NSE: RVNL) But it has had an impact. It also includes some shares related to railways. The share price of Rail Vikas Nigam Limited Company has fallen by almost 35 per cent from the record high of Rs 622. (Rail Vikas Nigam Limited Company Excerpt)
Expected to benefit from the decision of the Central Government
Experts have predicted that the central government will focus on rail armor to prevent rail accidents. Railway companies like RVNL may benefit more from the decision of the Central Government. According to experts, investing in shares of RVNL, IRFC and IRCTC companies can be beneficial. On Monday (18 November 2024), the stock was trading at Rs 416, down 0.98%.
RVNL shares in consolidation mode
According to stock market experts, RVNL is still in consolidation mode. According to the share chart, the stock has created support around 425. The stock is currently at the 200-day moving average, but at the same time it is moving up, not going beyond the 20-day and 50-day moving averages. Expert said that RVNL share is still in consolidation mode.
Wait for breakout in stock
Stock market experts have advised investors to wait for a breakout in multibagger RVNL stock. The bottom level of RVNL stock is around Rs 425. Apart from this, the upper breakout level is around Rs 475. Stock market experts said the consolidation mode will continue until RVNL shares move out of the range.
RVNL stock gave multibagger returns
RVNL shares have declined 13.81% in the last month. The stock has given a return of 45.12% in the last six months. RVNL share has given 152.92% returns in the last one year. RVNL share has given 1618% returns in the last 5 years. The stock has also given a return of 131.87% on a YTD basis.
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