Monthly Analysis on

RVNL

Why the

Stock is Falling (Last 2 Months) 1. Profit Booking after Rally RVNL had delivered a sharp rally in the past 1 year driven by government infra push. Investors who entered at lower levels are now booking profits as valuations got stretched. ***** Weakness Stock is trading below 20, 50 & 100 EMA on monthly charts. MACD is negative, signaling bearish momentum. RSI below 40, showing weakness and lack of buying interest. Formation of two consecutive red candles indicates sustained selling pressure. ***** Correction PSU stocks across the board saw a huge rally in 2024. Now, the sector is undergoing a healthy correction before the next leg of upmove. Future Outlook Short Term (1–3 Months) •Stock may remain under pressure till it holds below 350–360 resistance zone. •Possible sideways to bearish consolidation between 290–350. Medium Term (3–6 Months) •Once broader market sentiment improves and PSU buying resumes, stock may test 370–400. Long Term (6–12 Months) •Strong business fundamentals, robust order book, and government push in railway infra could drive RVNL towards 450–500+ levels once stock sustains above 400–420.