RBL BANK's price action has completed a rounding bottom pattern. This trade will be triggered by the breakout of the rim, i.e., the resistance line. If this happens, the cup and handle will be invalidated.
Target = Breakout Point + Depth of bottom.
Another pattern in formation is the Cup and Handle. A cup is formed, and the handle should ideally be 38.2% retracement from the top of the rim.
Target = Breakout Point + Depth of Cup
Trade will be triggered on the breakout of the resistance line trading at around ₹213-₹216
Target = Breakout Point + Depth of bottom.
Another pattern in formation is the Cup and Handle. A cup is formed, and the handle should ideally be 38.2% retracement from the top of the rim.
Target = Breakout Point + Depth of Cup
Trade will be triggered on the breakout of the resistance line trading at around ₹213-₹216
Trade active
absoluteanalysis.in
whatsapp channel: whatsapp.com/channel/0029VanXIFTAzNbzxU4hF62L
whatsapp channel: whatsapp.com/channel/0029VanXIFTAzNbzxU4hF62L
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.