(Rail Vikas Nigam Limited) operates in the Railways & Infrastructure sector. It is a government-owned company under the Ministry of Railways, primarily engaged in railway project execution, including track laying, electrification, signaling, and station development. RVNL is trading within a descending channel on both daily and weekly timeframes, indicating a continued bearish trend. The stock has faced resistance near the 9-day EMA and is struggling to break above key levels like ₹359-₹370. The 100-day EMA around ₹399 is acting as a strong resistance, and failure to sustain above ₹344 could push it towards the next support levels at ₹332 and ₹319. RSI remains below 50 on both timeframes, signaling weak momentum. If ₹332 fails to hold, ₹299-₹280 could be the next downside targets. A breakout above ₹370 is needed for bullish confirmation. I have attached the daily chart of

RVNL

for your reference.

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