sanks90

RBL BANK _ Broken and Retested the IMP Channel (15 Min)

Short
NSE:RBLBANK   RBL BANK LTD
Looking at the chart, it looks like RBL Bank done with the Rally and broken the Channel Support, also retested the same due to profit booking (Maybe). But as per my analysis I am going to short with hedge to Get More from the down move with limited risk to the upside.
Entry will be interesting for me with proper exit plan. Do your analysis with the little help of mine.

Positional Trade:
Entry : Below 214
Stoploss: 223
Target: 194 (Maybe more with Trailing SL).

"Like" if you like.

This is my personal view for trades sharing just for learning purpose.
Trade active: Entry Signal received after breaking support level.
Trade closed: stop reached: Fall came in play after taking SL. Part of the business.

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