RVNL Swing Idea on Daily timeframe

1 thg 10

RVNL after a long bull run and giving high of 647.00 is now moving in range and creating a descending triangle. My view is that it will continue to move in a range following the trend line from upside. One can go for a buy trade around 530 with a target around 580. Stop loss can be a closing below 510 or 500.