Arun_000

RBLBANK - INTRADAY - LONG (17 jULY 2020)

Long
NSE:RBLBANK   RBL BANK LTD
NSE:RBLBANK

(For Learning Purpose Only)

  • TIME FRAME - DAY
    Price in Phase 1 ( Accumulation)
    Test of supply completed
    Price above DC
  • TIME FRAME - 15 MIN
    In correction phase
    Volume supporting price action
    Price either open gap down @ 161 or price go down till 161 before moving up to 171

Trade closed: target reached

Comments

what is DC upper/lower in chart
Reply
Arun_000 ravindrapavagadhi
@ravindrapavagadhi, DONCHIAN CHANNEL..I USED 50 PERIOD..SO IT PLOTS HIGHEST HIGH OF PAST 50 PERIODS (UPPER BAND) & LOWEST LOW OF 50 PERIODS (LOWER BAND) ,MEDIAN LINE IS AVERAGE OF UPPER & LOWER BAND
Reply
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