UnknownUnicorn2321966

RBLBANK ANALYSIS

Education
NSE:RBLBANK   RBL BANK LTD
OK SO I HAVE FAILED 2 TIMES TO ANALYSE THIS STOCK THIS IS 3RD TIME :) IT IS RESPECTING FLAG PATTERN KIND OF I WOULD SAY FOR SHORT SIDE IT MUST CLOSE BELOW 296.20 AS WE KNOW FOR A FRESH DOWNTREND WE NEED TWO LOWER HIGHS AND TWO LOWER LOWS NOW ALL THESE 4 ARE COMPLETED BUT FIFTH POINT AS I SAID 296.20 SHOULD BE MADE WHICH CONFIRMS DOWNTREND THEN TARGETS ARE GIVEN FOR SHORTS AND GO LONG IF CLOSES ABOVE UPPER TRENDLINE TARGET IS GIVEN MOST IMPORTANT THERE IS GAP AT 282.50 WHICH ACTS AS VERY BIG SUPPORT SUPPORT MANY TIMES THERE GOOD LUCK
NOTE: FOR EDUCATION ONLY
Trade closed: target reached:
target for long hit
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