Multibagger Railway stocks RVNL, IRFC, IRCON, RITES , RailTel may see up to 30% upside- Prabhudas Lilladher

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Rail Vikas Nigam Ltd (RVNL), Indian Railway Finance Corporation (IRFC) ,IRCON International , RITES Ltd , RailTel Corporation of India share prices may see up to 30% more upside suggest technical thematic report by Prabhudas Lilladher Pvt Ltd. Rail Vikas Nigam Ltd (RVNL) share price is trading close to ₹284 levels. Prabhudas Lilladher has given a target price of ₹315-340 with a stop loss at ₹255 for Rail Vikas Nigam Ltd (RVNL) share price.

Rail Vikas Nigam Ltd (RVNL) share price has seen good rise from the significant 50 days EMA (exponential moving average) level of 252 to gain strength and has moved past the previous peak zone of 271 levels to improve the bias and further rise is anticipated in Rail Vikas Nigam Ltd (RVNL) share price. The Relative Strength Index (RSI) has spiked after the consolidation period signaling a buy. With the chart looking attractive, Prabhudas Lilladher suggest to buy Rail Vikas Nigam Ltd (RVNL) share for an upside target of 340 level for Rail Vikas Nigam Ltd (RVNL) share price keeping the stop loss of 255 level.

Also Read- Top Stock Recommendations: Osho Krishan of Angel One suggests buying FACT and Varun Beverages today Indian Railway Finance Corporation (IRFC) share price, is trading close to ₹148 levels. Prabhudas Lilladher has given target price of ₹180-195 with stop loss at ₹131. Indian Railway Finance Corporation (IRFC) share price has been in a rangebound consolidation period and once again from the level of 142 it has picked up to move past the important 50EMA level of 141.50 improving the bias.