Rail Vikas Nigam Ltd. (NSE: RVNL) extended its losing streak on Monday, falling below the ₹335.95 support zone and sliding toward ₹317.05, a crucial level for short-term bulls. As global tariff tensions rattle markets, PSU stocks are under fire — and RVNL is no exception.
The latest escalation in the U.S.-China trade war has triggered a broad sell-off in global equities. While RVNL is domestically focused, Indian infrastructure stocks are feeling the pressure from:
RVNL has broken below the short-term support at ₹335.95 and is now testing the ₹317.05 level — a key pivot from March.
RVNL is back in the danger zone, and traders aren’t sticking around to find out if ₹317 holds. With global jitters flaring and PSU momentum cracking, the path of least resistance is clearly downhill — unless the stock pulls a surprise reversal.
For now, it’s a “wait-and-watch” game with a bearish bias. Just don’t fall asleep at the switch — this train is moving fast.
This post was last modified on Apr 07, 2025, 15:20 BST 15:20