Rail Vikas Nigam Ltd. is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company.
The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 63.60 rupee.
Volume has previously been high at price tops and low at price bottoms. Volume balance is also positive, which strengthens the trend. The stock is overall assessed as technically positive for the medium long term.
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