RBL bank has formed Ascending triangle pattern which is Neutral price action pattern that means trader needs to be ready to take position on either side depending upon the breakout or breakdown. Trade safe. Look for both setup.
Keep this on the watch list. Trading is all about probability nothing is for sure in this business so always keep your chances high If you manage your loss, you eventually will be the winner sooner or later. Castles never made within a day.
Rbl makes double bottom on key resistance approached support level. Can be long potential if sustained above the support level
Long RBL BANK can be a perfect swing for a short term gain !! DM for Enquiries
Monthly RSI entering 50 is supposed to be strong. It can give us a multibagger over a period of 1 year or so. Enter once RSI sustains over 50. Exit upon RSI reaching 80 on monthly charts only. 5 March 2021 CMP - 242.35 Target - at least 100% in 1-2 years! Stop Loss - Rs.205/- RSI above 50 is not my strategy. Video Link in Related Ideas at bottom. I am taking...
rbl bank chart analysis for intraday and swing trading
Based on your risk management take a trade. If you have any doubts you can message me individually or you can comment below. Will Respond :) Educational Purposes!
Bull flag is visible on the Bullish Pennant.
In the daily chart, we can clearly see that RBL BANK has formed a cup and handle pattern. Take long position guys it will definitely achieve our targets.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. June Series Option can be tried. Wait for entry setup, if available then Long/short. Reward is 8-10 Times
RBL Bank has tried to brk 207-208 levels for the third time and failed. It is range bound at this point in time. But it is a very interesting stock to watch for next few days.
THIS CHART GIVES YOU KNOWLEDGE ABOUT RBL BANK CHART ANALYSIS WITH SUPPORT AND RESISTANCE
crucial level for a break out in rbl bank if Monday opens gapup.
Cup & Saucer Flag & Penant