RBL BANK LTDLong
Thinking of BUYING ?
Monthly Time Frame
Since 12 Month trading in a range that is below Aug 2016 price. Watch for Monthly close above 20 Moving average Monthly.
Weekly
At Support- Made Bullish Candle in this week ie 19th Aug 24
Daily
Price- 20 Aug 24- Bullish Candle with High Volume- Signal Candlel- Buy above it with SL low of it.
Pattern - W in formation
Volume- Increasing since last 3 days
Momentum- RSI Bullish Diversion with Bullish range shift- ie RSI above 40
Volatility Diversion - One leg outside the BB, other inside
Entry at present levels is low risk with high rewards
Educational purpose
Since 12 Month trading in a range that is below Aug 2016 price. Watch for Monthly close above 20 Moving average Monthly.
Weekly
At Support- Made Bullish Candle in this week ie 19th Aug 24
Daily
Price- 20 Aug 24- Bullish Candle with High Volume- Signal Candlel- Buy above it with SL low of it.
Pattern - W in formation
Volume- Increasing since last 3 days
Momentum- RSI Bullish Diversion with Bullish range shift- ie RSI above 40
Volatility Diversion - One leg outside the BB, other inside
Entry at present levels is low risk with high rewards
Educational purpose
Note
21/8/2024
Going Bullish- Closed above previous resistance
Weekly RSI - Bullish Range shift-
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