Rail Vikas Nigam Limited (RVNL), a key player in India’s railway infrastructure sector, has seen its share price take a steep dive recently. 📉 The stock is now trading flat at around ₹357.40, a whopping 45% drop from it's all-time high of ₹647 (hit on July 15, 2024). This slump has left retail investors wondering: Is this the right time to invest, or should you wait for a deeper correction?

RVNL Share Price Performance: A Quick Look 🔍

Despite the recent fall, RVNL shares have delivered multibagger returns over the long term. Here’s a snapshot:

• 2-Year Return: Up by nearly 196.55% 🚀
• 3-Year Return: Surged by a massive 1050% 💰
• 6-Month Return: Declined by around 15% 📉

Even with this pullback, RVNL’s long-term outlook remains strong, reflecting India’s booming railway infrastructure growth. 🚄

Technical Analysis of RVNL Stock 📊

The Relative Strength Index (RSI) stands at 53.2, indicating the stock is in a neutral zone—neither overbought nor oversold.

Additionally, the RVNL stock is trading:

• Above: 5-day, 10-day, 20-day, 30-day, and 50-day moving averages 📈
• Below: 100-day, 150-day, and 200-day moving averages 📉

This suggests short-term resilience but medium-term weakness. A daily close above ₹346 could push the stock toward ₹384, while strong support lies around ₹305.

RVNL Fundamentals: What You Need to Know 🏗️

Rail Vikas Nigam Ltd (RVNL) is the project execution arm of Indian Railways, handling infrastructure projects from planning to commissioning. With strong government backing, it remains a top pick for long-term infrastructure investors.

Should You Buy RVNL Now or Wait? ⏳

With a high beta of 1.7, RVNL is volatile—great for swing traders but risky for conservative investors. The current dip could be a buying opportunity if ₹305 holds as support. However, short-term traders may want to wait for a breakout above ₹346 before jumping in.

Conclusion: ✅

The recent RVNL share price correction might be nerve-wracking, but the long-term fundamentals remain solid. As a government-backed infrastructure stock, RVNL has strong potential for wealth creation. 💡🎯

⚠️ Disclaimer: This article is for informational purposes only and should not be considered as investment advice. 📈 Always consult a trusted advisor from MBC Trading Platform before making any investment decisions.