Rounding bottom pattern Breakout in VASCON ENGINEERS

Jun 21, 2023

RBL Bank reached an ATH of 196.25 in Aug 2010 and corrected approximately 97% to reach 6.25 in the month of Mar'20. It then took support at lower trend line of the round bottom and rose 6.7x in 3 years i.e. till Nov'22. The price faced correction for next 4 months and has again started the upward journey rising 71% in last 3 months.

Stop Loss: 40 (daily closing price)

Aug 30, 2023

Note

Target 1 achieved on 24th Aug '23 !!

Jan 18

Note

Target 2 achieved today i.e. on 18 Jan'24 !!!!!!!!