🚆 RVNL – Daily Chart Breakout Analysis (Clean & Powerful Setup)

🧠 Big Picture RVNL spent months in a broad accumulation range Clear range high near ₹390–395 Today’s candle = decisive breakout with strength (+12% day) This is not a fake move. 📦 Structure Breakdown 🔹 Accumulation Zone Range: ₹305 – ₹395 Duration: ~10 months Multiple tests of support → weak sellers absorbed Final move came from range low → range high in one thrust This is classic Wyckoff Phase D → E transition. 📈 Why This Breakout Is High Quality ✅ Wide range bullish candle ✅ Close near high ✅ Breakout after long base ✅ No immediate overhead resistance ✅ Strong momentum from lows This is how leaders start their next leg. 🎯 Targets (Measured Move Logic) Range height ≈ ₹90 Level Zone ₹395 Breakout level (now support) ₹440–450 Target 1 ₹480–490 Target 2 ₹520+ Extension (if momentum continues) Your marked ~₹480–490 projection is technically perfect. 🛑 Risk Management (Very Important) Best Buy Types Pullback buy near ₹395–400 (best RR) Momentum buy above ₹410 with smaller qty Invalidation Daily close below ₹380 Weekly close below ₹370 = reassess No need for tight SLs — this is structure-based trade, not scalping.