RBL Bank after trading in a side ways channel pattern has seen breakout with formation of Inverse Head and Shoulder pattern. The stock had been trading in the range of 450 - 600 since more then a year. The stock has witnessed a breakout with high volumes and strong momentum. One can go long on this counter with Target of 570/580/592, Keeping stop loss at 535 (Closing basis).
RBL Bank Future Lot size: 1000
Risk Reward: ~1.
RBL Bank Future Lot size: 1000
Risk Reward: ~1.
Note
All 3 Targets done! Total Profit 37000 per lot.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.