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nikunjbhadja
Jul 26, 2023 2:52 PM

RBLBANK - Ichimoku Breakout Long

NSE:RBLBANK1D
RBL BANK LTDNSE

Description

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Stock Name - Rbl Bank Limited

Ichimoku Cloud Setup :

1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards

All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 242


#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.

#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert

I hope you all like my analysis.
Please do share your thoughts into comment section.

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Technical IndicatorsTrend AnalysisRBLBANKcloudtradingichimokuexpertichimokutraderichimokutraderinindiaichimokutradernikunjbhadjanikunjbhadjaichimokukinkohyo
Comments
Vinayjain9
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I have bought at 245 , can it go back up again ?
nikunjbhadja
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@Vinayjain9, Fitch rating on US was sentimental news which impacted to US & other global markets negatively, infact US future market is down today. Any bounce comes then you get a chance to add it but I suggest to keep final SL of 211 if it does not bounce.
Vinayjain9
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It crossed 242 then made high of 251 then back to 232 levels is it still bullish
Vinayjain9
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What can be the immediate target
nikunjbhadja
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@Vinayjain9, Looking at the chart 257 was the target but due to ongoing market condition it's hit my SL. Anyways, it's part of the game. We are updating fresh ideas daily & trading accordingly. Best of luck and Happy investing.
Vinayjain9
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I have bought at 245 can it go to that level in coming weeks
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