RBL Bank - Triangle breakout + Volume expansion Long

RBL BANK LTDNSE

Description

⋅ Jul 7, 2021 2:22 PM

Key Highlights:

1. Bullish market structure
2. Trendline breakout
3. Triangle breakout
4. Volume expansion
5. Accumulate till 215
6. Target: 233, 249, 265
7. Stop loss: 210

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Comments

curiousFinance50390

⋅ Jul 21, 2021 3:18 AM

Target 3 in August next month
Nice explanation

Aswin9407

⋅ Jul 12, 2021 11:20 AM

will it reach target 1 before july?

curiousFinance50390

⋅ Jul 21, 2021 3:19 AM

@Aswin9407, Hopefully yes. Don't exit if it doesn't closes day below 202

dharmalic3

⋅ Jul 11, 2021 1:42 AM

I’m learning from you sir

johntradingwick

⋅ Jul 11, 2021 3:15 AM

@dharmalic3, I am glad. Keep learning :)

gurmindergrewal75

⋅ Jul 10, 2021 9:48 AM

thanks

johntradingwick

⋅ Jul 11, 2021 3:16 AM

@gurmindergrewal75, No worries, buddy :)

govindas

⋅ Jul 10, 2021 4:40 AM

thanks and good

johntradingwick

⋅ Jul 11, 2021 3:16 AM

@govindas, You are welcome :)

spbhatt

⋅ Jul 9, 2021 5:23 AM

It has retested and bounced today, but do we need to wait for Bank nifty trend confirmation to buy this stock?