Dear All ,
RBL Bank Seems A Decent Bet for Playing Longs At Current price as well as On Dips ! After Completing A 5-Wave Correction , It has given Reversal with Positive Divergence with RSI .
It seems that Now It has Completed 1st Wave (Implusive) & 2nd (Corrective) . So We should start buying it above 565 Rs. !
Strategy :
Entry : Buy Above 565 Rs.
Targets : 580-600+ Rs.
SL : 540 Rs. (CLBS)
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
RBL Bank Seems A Decent Bet for Playing Longs At Current price as well as On Dips ! After Completing A 5-Wave Correction , It has given Reversal with Positive Divergence with RSI .
It seems that Now It has Completed 1st Wave (Implusive) & 2nd (Corrective) . So We should start buying it above 565 Rs. !
Strategy :
Entry : Buy Above 565 Rs.
Targets : 580-600+ Rs.
SL : 540 Rs. (CLBS)
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
Comment:
Comment:
Entry wasn't triggered ; A Safe Bet Above 565
Trade active:
565 to 571.5 So Far :)
Trade closed manually:
575 Rs. Now ; 2% Up ; Conservative Traders Can Book Partial Profits
Comment:
Recommended to Buy on Dips ; Lows of 548 & Rally to 577 Rs. :)