RBL Bank Cup & Handle Formation

RBL Bank formed CUP and Handle Formation on Daily Chart and it looks good above 230-231

For first target : 247

Second Target : 270

Stop loss : 220

Things to remember :

1) Always wait for Confirmation, dont just jump in running candle
2) Condition for breakout is ... it should break the range with big green candle with good volume
3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance
4) Always keep trailing Stop loss.

Note : I am still learning .. let me know if i missed anything

Disclaimer : This is purely for education purpose only


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