RBL bank support and resistance || #RBLBANKRBL bank support and resistance.pick point to reverse or down to create 1st low.
RBL
Rbl Bank buy Same as Banknifty, RBL bank is making an positive divergence on one hour interval. It also brokeup small trend on upside. There are chances that it may breakout 1 hour trend line in coming days. keep this stock in a watchlist.
I will update my post, when a confirm trend started to form in RBL bank.
rbl bank rbl bank due to its managements comment on gross NPA had corrected sharply
the stock on both long term and short term is good to accumulate
RBL BANKBreakdown from the channel as per weekly charts. Sell: 531, Target:462, SL: 570
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
RBL Bank - 1) Not able to break 580-- bearish divergence
2) Bank trade at 3.4x P/B and has been showing good performance
3) It is likely to show dip in price due to BANK NIFTY bearish view
4) Any dip should be used to buy
A GOOD POSITIONAL bet , FUNDamentally strong !, good investment theme .. low risk ..
good buisness ...what else you need !!!
Will RBL Bank break the Trend line ?Will it break the Trend line and Resistance 1 on Pivot Point ? I hope, price will break with the support of strong trend on upside.
Trade:
Buy on R1 - 546
Target on R2 - 585
Stop loss on PP - 520
