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vaidhynathdubey
Oct 23, 2021 1:24 PM

RBL bank under dog Long

RBL BANK LTDNSE

Description

1. take support on 21 EMA.
2. close above 200 EMA
3. long buildup in futures.
4. 190 to 194 multiple support . ( 21 EMA, weekly CPR)
5. 214 weekly chart resistance .
5. RSi above 50 since last few weeks.
one should consider to buy around 195 ,,stop loss 190 ,, target 214 .

Comment

RBL close at205. futures open interest shows short covering.
196 still strong support. but one can trail stoploss 199 closing basis.
target 214

Comment

trail stopploss todays close .
target 214 pending.

Comment

stoploss get hit target miss by 2 rs.
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