RVNL has emerged as a strong contender in the Indian stock market, showing a significant breakout.
RVNL broke out above a bullish flag pattern, signalling a continuation of its upward trend, currently trading at ₹606.75.
RVNL consistently finds support at its 10-week EMA of ₹540, reinforcing its positive momentum and providing a solid base for further gains.
With a target price of ₹660, RVNL offers an 11% upside, driven by strong technical indicators and a buy signal from the stochastic indicator.
RVNL's consistent performance and technical strength make it a compelling stock to buy, especially in today’s volatile market.
Focus on RVNL’s technical setup, monitor its 10-week EMA, and consider broader market conditions when making investment decisions.