RVNL (NSE) 1D- falling trendline breakout + early continuationRail Vikas Nigam Ltd.NSE:RVNLDr_BeanPrice Action The stock has been in a sustained downtrend marked by a clearly defined falling trendline. After an extended corrective phase, price formed a stable base near the ₹300–₹305 zone, indicating exhaustion of selling pressure. Recently, the stock has decisively broken above the falling trendline and reclaimed the key horizontal level near ₹345–₹346, signaling a potential trend reversal. The breakout candle is strong and followed by consolidation above the breakout zone, which suggests acceptance of higher prices rather than a false breakout. The projected price path on the chart reflects a classic breakout–pullback–continuation structure, where minor retracements are expected before the next leg higher. Key Levels Support Zones: ₹346.05 – ₹345.70 – Immediate breakout support; must hold to sustain bullish momentum. ₹323.90 – ₹327.50 – Major demand zone and retest support; structurally important. ₹302.00 – ₹301.40 – Long-term base support; breakdown below this would invalidate the bullish setup. Resistance Zones / Upside Targets: ₹368.15 – First resistance; near-term target after consolidation. ₹390.30 – Intermediate resistance; likely to see profit booking. ₹412.45 – Strong resistance zone; breakout here strengthens trend continuation. ₹434.55 – ₹438.45 – Major upside target; represents a full trend reversal objective. Volume Analysis Volume behavior supports the bullish case: Volume expanded notably during the breakout above the falling trendline. Prior to the breakout, volume had been contracting, which is typical during base formation. Recent green volume bars suggest renewed accumulation by stronger participants. Sustained volume expansion above ₹346 would confirm continuation strength, while low volume pullbacks would be considered healthy. Trend & Momentum Short-term Trend: Bullish — price is holding above the falling trendline and key horizontal breakout level. Medium-term Trend: Turning bullish — the long downtrend is potentially transitioning into a new uptrend. Momentum: Improving — momentum indicators (price structure and breakout behavior) favor upside. A close below ₹323.90 would weaken momentum, while holding above ₹345 keeps momentum positive. Possible Scenarios Bullish Case: If the stock sustains above ₹345–₹346, the next leg higher may unfold toward: ₹368.15 ₹390.30 ₹412.45 ₹434.55–₹438.45 (extended target) Minor pullbacks toward ₹346 or ₹327 can be considered structural retests rather than weakness. Bearish Case: Failure to hold ₹345 followed by a breakdown below ₹323.90 would signal a failed breakout. A decisive close below ₹302 would completely invalidate the reversal structure and reopen downside risk. Overall Bias: The chart shows a high-probability bullish reversal setup characterized by: a prolonged downtrend, a well-defined base near ₹300, a clean falling trendline breakout, and improving volume and momentum. As long as the price holds above ₹323–₹327, the overall bias remains bullish, with upside potential toward ₹412 and ₹438 in the coming weeks. ⚠️ Disclaimer: This chart analysis is for educational purposes only. Regulatory Note: We are an independent development team and are not registered with any financial authority. Please consult a licensed financial advisor before making trading or investment decisions.