RBL BANK LTDLong
RBL Bank - Keep in watch list
Updated
Study:-
Seems a break out is going to happen. Volume is increasing. BUT RSI is on overbought zone.
Huge call writing in 200 so it will act as a resistance. Put writing is observed till 200 so probability is stock will go till 200 in short term then retrace back to selling zone or it might retrace first accumulate order and then again move up provided it closes above 100 DEMA
* This chart is only for educational purpose.
Seems a break out is going to happen. Volume is increasing. BUT RSI is on overbought zone.
Huge call writing in 200 so it will act as a resistance. Put writing is observed till 200 so probability is stock will go till 200 in short term then retrace back to selling zone or it might retrace first accumulate order and then again move up provided it closes above 100 DEMA
* This chart is only for educational purpose.
Trade closed: target reached
Target T1 achieved. Trail SL.
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