"Budget 2025: Don’t Miss This High-Potential Railway Stock!"

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Hello Everyone, I hope you all are doing great! Today, I’ve brought you a stock that’s catching my attention both technically and fundamentally. This setup looks solid for short-term opportunities and has the potential to deliver significant gains over the long term as well. Stock name is RVNL and it is trading in a Descending Channel Pattern, and the price is currently near a critical support zone around 395-415. This level is supported by a Bullish Harami candlestick pattern, which is a strong reversal signal. Additionally, the previous resistance zone has turned into support, adding credibility to the bullish outlook.

Last breakout above 355 resulted in an 83% rally to 647. If history repeats, a breakout above 510 could trigger a similar 83% move, targeting 947 in the long term. This aligns with strong fundamentals and Budget 2025’s expected focus on infrastructure spending.

Volume and Indicators:- Significant volume spikes at the support zone indicate institutional buying interest, which adds strength to the current level.
MACD is in the negative zone but showing signs of flattening, which could indicate a potential momentum reversal.

Fundamental Catalyst:- RVNL holds a pivotal role in transforming India's railway infrastructure, making it a prime beneficiary of Budget 2025. The government’s focus on infrastructure spending is likely to act as a positive catalyst, supporting the stock’s long-term growth potential.

Conclusion:-A breakout above 510 could unlock significant upside potential, aligning with both technical and fundamental perspectives. Traders should watch for a sustained move above 510 for confirmation of bullish momentum.

Disclaimer:-This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.

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after hitting 1st Target came down and taken short term stop loss