Chart Of the Week (11 January 2021)

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  Rail Vikas Nigam Limited (RVNL)-

Click on the chart to enlarge view.


CMP-33.25     RECO-Buy    Entry Range-Rs.30.00-35      Target-42.00/60.00     Stop Loss- 23 Closing basis   Duration- 06 to 12 months

*Stock has given a Cup and handle Pattern breakout on weekly chart and closing above lifetime high on weekly basis.

*If we look at the volume part, significant volume activity is witnessed at the time of breakout.

*Price has also trading all the important moving averages.

*Considering all technical evidences we may see good up move in RVNL.

Fertilizers & Chemical Travancore Limited(FACT)-

Click on the chart to enlarge view


CMP-76.00     RECO-Buy    Entry Range-Rs.70-80.00      Target-108.00/160.00     Stop Loss-60.00 closing                                                                                                                                              Duration- 06 to 09months

*Stock has given a 18 years long consolidations breakout on weekly chart.

*If we look at the volume part, significant volume activity is witnessed at the time of breakout.

*Price has also trading all the important moving averages.

*Considering all technical evidences we may see good up move in FACT.


  Thanks for reading and kindly let us know if you have any questions.

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