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
Trade active
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Just watch the stock fly.. Follow this trade for learning Double top and Technical indicators
Failed to be at high level and back to opening price. Gravestone doji is formed
UnknownUnicorn2459381
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today stock closed below recent ATL 105.55 cmp 105.15
Still can we consider it as double bottom and buy. please suggest
Aashish_IIM
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@harkeeth, Yes the structure remains intact. It has shown strong resistance and the bottoms are within <5% spread.. Volume has started shooting up. RSI and Stochastic showing highly oversold . Investing is on your discretion.. This idea is for educational purposes only.