RBL Bank has recently broken the long awaited trendline. Given the new highs in Bank sector, we might expect this instrument to move up.
Reasons for upmove:
- Breakout with volume in nearly 20 months
- Banking sector on the rise
- Have not recovered unlike other rival banks
Possible targets 270, 315 and 385 with stoploss not less than 185
R:R ratio is >10
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Dear trader,
If u look at the chart of RBLBANK (analysis based intraday only) the RBLBANK Buy at 705 and Target at 685
Best Buy at
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also...
RBL Bank has given positive breakout with decent volume , SL of 155 should be strict and can be added till 160.
205 near time huddle
NSE:RBLBANK
*Disclaimer: I am not a SEBI registered person, all the views are for study purpose.
#RBLBANK form the cup handle pattern on day chart and on 23 July form Neckline candle that showing bullishness and on 24 July stock form long green candle with High trade and delivery.
Showing Bullish result in Technical Parameter:
CCI is Treading UP
RSI is Treading UP
William %R is Treading UP
Stoch is Treading UP
Aggressive New Long
DI+ is above DI- and...
may this is good time to buy it.
it will go upside according to chart pattern.
Rest thing depends on market mood.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking any Decision.
I am not SEBI Registered Financial Advisor.
If we stay above 345 level then this can be the possible scenario, first target should be achieved and if inverted h and s gets played then extended target are there as well but expecting so early that h and s will play wouldnot be a nice decision.
