TradingSutra

RBL: Correction over ?

Long
NSE:RBLBANK   RBL BANK LTD
After the five wave rise stock has given a 3waves corrective move in the form of wxy. Considering this correction as a wave 2 completion on larger degree, one should go long on current levels keeping SL of 170 & target for higher in 5 wave impulsive rally. the immediate target should be 220/240
Manish Bhardwaj
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Comments

Falling Channel breakout should indeed confirm the breakout and start of wave 3
Reply
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