RBL BANK LTDLong
RBl Bank - Double Bottom
Updated
Please find my analysis for RBL Bank solely for Educational purpose-
Analysis :-
Perfect Double Bottom Formation - Downward price trend, Two valleys at absolutely same level, Peak within bottoms at around ~9%, Volume moving down from Left to Right
Confirmation - Above 133.25 but is a good bet at current stage
RSI and Stochoastic cleary showing Oversold trajectory.
Fibonocci Retracement levels indicate 133 and 149
Regards,
Aashish
Analysis :-
Perfect Double Bottom Formation - Downward price trend, Two valleys at absolutely same level, Peak within bottoms at around ~9%, Volume moving down from Left to Right
Confirmation - Above 133.25 but is a good bet at current stage
RSI and Stochoastic cleary showing Oversold trajectory.
Fibonocci Retracement levels indicate 133 and 149
Regards,
Aashish
Trade active
Just watch the stock fly.. Follow this trade for learning Double top and Technical indicatorsNote
Stock flyingNote
RBL moving with Momentum..Trade active
Next Target - 135 and 148For Educational Purposes
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