If one more los is possible then this is a valid pattern else we skip this and move on to next bullish chart. If consolidation continues furthermore then it may lead to triangle formation. If the previous high was broken then the Triangle get fail and it may complete flat pattern and one more low pending.
SELL below low of brakeout candle with 1:2 minimum take profit
The chart clearly explains everything. Let's see what it happens tomorrow
Do you really need this garbage in the portfolio ?
As peer the trend analysis RBL looks bullish and can reach 280
RBL bank forming a bullish Bat Pattern, and also the RSI indicates bullish divergence this is positive sign for the pattern.
After a long time stock gave a breakout but again goes below the support level. keep on the radar for the coming days. Please share your opinion on the stock.
C&H pattern seems to be formed and completed on 22 oct volume also seen 25 we can see breakout and tgt1 and tgt2can be done mcpriceaction learn, learn and learn SELL PE 170/180
RBL BANK IS IN LONG TERM BULLISH , can add now or in dips 180
SUMMARY:- -stock is trading in a descending channel on weekly chart -based on inspiring moves in banking stocks i expect this counter to see some buying -stock is on the verge of a break from its bearish pattern keep an eye -today we can see a weekly close -if we do i will update a trade
giving a breakout on daily time frame can be a good buy at CMP with targets of 244 / 253 in short to medium term dyor
NSE:RBLBANK Observations: 1) On 1 HOUR time frame it has breakout 164 level and then it has tested if for support and it got support from 164 and gave good upmove. Please refer below chart : 1 hr time frame. 2) On Daily Time frame you can see that it has now reverse from the critical support range and made bullish candle today by taking support from...
rbl chart analysis for intraday and swing trading other information given on chart
RBL Bank, Buy when touches red line, sell if closing 1 or 1.5% below red line. if price closes above green line, buy for long
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RBL bank cup handle breakout with volume , if supported by nifty go long