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VenkataramanK
Oct 11, 2021 5:14 PM

RBL Bank Triangle Pattern Analysis ; So long. Long

RBL BANK LTDNSE

Description

RBL Bank forms a Beautiful triangle in Weekly frame, Triangle tested two times but eventually failed . Last week's Candlestick shows a Hammer which indicates bullishness .

Can go long with SL 153 or your Risk Appetite this is a big triangle so one can also expect it to reach the Support line of triangle and also breakout .

Targets 218 and 265

This is a Weekly Chart so patience is needed.
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