RBL Bank Breakout for possible 90% upmove
Updated
RBL Bank has recently broken the long awaited trendline. Given the new highs in Bank sector, we might expect this instrument to move up.
Reasons for upmove:
- Breakout with volume in nearly 20 months
- Banking sector on the rise
- Have not recovered unlike other rival banks
Possible targets 270, 315 and 385 with stoploss not less than 185
R:R ratio is >10
Reasons for upmove:
- Breakout with volume in nearly 20 months
- Banking sector on the rise
- Have not recovered unlike other rival banks
Possible targets 270, 315 and 385 with stoploss not less than 185
R:R ratio is >10
Trade active
Trade closed: stop reached
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