RBL Bank, expected to see more red

Updated
Given the current Impulsive progression to the downside, RBL Bank looks all set to make a move lower than 111 level as what looks to be Wave 5 in the progression.
Further on the move seems to be having support from the Indices which are themselves showing weakness.
Note
1H : Moves lower than 110, hence achieving the minimum downside target : snapshot
BANKNIFTYelliottwaveforecastsTechnical IndicatorsNIFTYRBLBANKshortTrend Analysiswave5Wave Analysis

Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/

Video Course : 50eyes.com/elliott-wave-course

Author : Think with the Markets
Also on:

Disclaimer