We are teaching about GAP with the live example of RBL Bank. Educational Purpose.
I was wondering who is pushing the Bank Nifty, so I decided to visualize this by this simple comparison. The three major PSU banks are compared with the NIFTY BANK there market cap is as follow 3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE. 9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK. ...
Understanding the market structure is an key element in Technical analysis. Rbl Bank has made this Head and shoulder pattern at a key level which is marked as black Horizontal line. Once it broke both the area Which is same in this case Give us double confirmation to go long In case if someone miss the breakout entry and who are not aggressive trader they can...
educational Purpose
can run on either side wait for breakout but above 360 sell below 330
Educational Purpose.
OK SO I HAVE FAILED 2 TIMES TO ANALYSE THIS STOCK THIS IS 3RD TIME :) IT IS RESPECTING FLAG PATTERN KIND OF I WOULD SAY FOR SHORT SIDE IT MUST CLOSE BELOW 296.20 AS WE KNOW FOR A FRESH DOWNTREND WE NEED TWO LOWER HIGHS AND TWO LOWER LOWS NOW ALL THESE 4 ARE COMPLETED BUT FIFTH POINT AS I SAID 296.20 SHOULD BE MADE WHICH CONFIRMS DOWNTREND THEN TARGETS ARE GIVEN...
Read the chart and take your own call
RBL bank based on friday news from SEBI - It looks like 463 is -50% fibo and 418 is 61.8%. Recent fall of DHFL and Yesbank. Don't be surprise if fall to 50% from current price.
LONG ABOVE 566 Target 570 & 576 SL 555