Rounding bottom pattern Breakout in VASCON ENGINEERS
Updated
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)
Stop Loss: 40 (daily closing price)
Comment
Target 1 achieved on 24th Aug '23 !!Comment
Target 2 achieved today i.e. on 18 Jan'24 !!!!!!!!
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