The share price of Rail Vikas Nigam Limited (NSE: RVNL) fell 2.13% on Wednesday, but surged over 3% on Friday, amid fresh order wins and strong market rally. Let us tell you that US President Donald Trump postponed his decision to impose some US tariffs by 90 days. The Indian stock market began strongly on Friday with a huge gap up and ended the day positively. Benchmark Nifty 50 rose nearly 2%, sensex rose nearly 1.77% and Bank nifty nearly 2%. Market expert has given a new target price, support and resistance for RVNL stock, check details below.
RVNL Share Price
Friday’s session witnessed a gap-up opening in RVNL shares as well. Following a significant upswing over the previous fiscal year, the stock experienced a huge decline from its 52-week high of Rs 647.00, and it is currently trading close to Rs 346.20 with a gain of 2.53%.
Rail Vikas Nigam Limited is a government-backed company that plays a major role in India’s railway modernization. Despite a high P/E ratio of 54.10, RVNL is a very good long-term stock. Market experts have shared their valuable insights on RVNL stock using technical charts, performance metrics, and sectoral peer comparison thoroughly. Additionally, they have provided useful insights derived from support-resistance, candlestick, and Fibonacci retracement levels.
Also Read: RVNL Share Price Target From 2025 to 2050
Rail Vikas Nigam Limited Stock Analysis
On daily chart, Rail Vikas Nigam Limited recent candlestick patterns point to bearish engulfing formations close to Rs 347, which indicates resistance at higher levels. Short-term bearishness is indicated by a series of lower highs and lower lows following the Rs 647 all-time high. The RSI is still above 45, though, indicating that RVNL stock will go under a consolidation phase. However, if the stock price breaks the Rs 330 support level with additional trading volume, then stock price might fall significantly.
Fibonacci Retracement Levels
As per the Fibonacci retracement levels, RVNL shares could range from a high of Rs 647 to a low of Rs 245. The current stock price is close to the 23.6% retracement level, which indicates that stock price could fall to Rs 310 if it breaks Rs 336 while it has a strong Resistance at Rs 404.
RVNL Support and Resistance Zone
RVNL shares have a strong support at Rs 310 while the immediate support falls at Rs 336. Similarly, the stock faces major resistance at Rs 404 while the immediate resistance falls at Rs 368. However Investors and traders must keep these below mentioned price levels if it goes sideways.
If RVNL shares closes above Rs 336 level then it could prevent any additional selling pressure. On the other hand, momentum traders can take entry if the stock holds above Rs 368 level.
Key Levels to Watch Out for Investment
Investors must keep an watch on below mentioned key levels while considering to invest.
- Short-Term View: Short term investors must wait for a breakout above Rs 368 or a pullback to Rs 310 for fresh entries.
- Medium-Term Outlook: In the medium term if RVNL shares sustained above Rs 404 (38.2% Fibonacci), then Rail Vikas Nigam Limited share price targets can be Rs 446–487.
In the Long-Term, RVNL poised for significant growth backed by government of India so investors and traders should closely monitor this stock and stay updated on the recent news.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
