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Chart_World
Feb 8, 2023 5:52 PM

RBL Symmetrical Triangle forming Long

RANE BRAKE LININGNSE

Description

NSE:RBLBSE:RBL

Time Frame – Weekly

Observations: -
* Symmetrical Triangle forming
* Taking support of weekly 200 SMA
* Consolidation & range formation between 660-800 zone (Breakout above 790-800 range)
* Weekly 200 SMA strong support (Red line)
* Taking trendline support also
* Dry volume


Resistance – 870 / 1010 / 1155 / 1300 / 1450

Support – weekly 200 SMA & 600 – 560 zone

DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Comments
Chart_World
not getting much time due to new job
sajwanms
Sir now a days you are not posting BO & strong stocks
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