The Vikas Nigam Ltd (RVNL) railroads share a price low now near ₹ 323, which expands its weekly losses as PSU railroad stocks continue to face down -to -down pressure. The stock opened softly and remained under the sale of pressure through the session, failing to attract significant purchases despite walking near a major zone support.
Investors appear to be careful, with no fresh contract announcements or government project updates for RVNL this week.
RVNL Technical Analysis: Basic Support and Resistance Levels for Rail Vikas Nigam Share Price Now
- RVNL exchanged near ₹ 323.10, an important short -term support
- Breakdown below ₹ 323 can send stock to ₹ 303.10
- Immediate resistance lies in ₹ 355.15, where the sale persists earlier this month
- Further upside down is faced with rejection near ₹ 384.85
- RSI read 31.75, which signed an oversold zone
- MacD trend remains bearish, momentum weak
The RVNL sharing price chart shows a bearish structure with lower highs and lower lows. The price is sitting near the March bounce level of ₹ 323, but with RSI near oversold and MacD in negative territory, entrepreneurs are waiting for stronger confirmation before entering.
See also
RVNL Price Price Price: Is Rail Vikas Nigam a buy or more downside ahead?
Long -term investors can start watching this zone for potential accumulation, especially in RVNL's role in the upcoming railways projects of India. But until a bullish trigger appears, the trend remains weak.
The price of RVNL's sharing today reflects weak demand and greater uncertainty in PSU railroad stocks. Bulls must defend the current support to avoid a deeper correction in the upcoming sessions.
