RBL Bank :BullishRBL BANK:Multi Pattern confirmation."W" or Double bottom & Cup & Handle pattern.Looks like current retesting Breakout levels.
Target:380/410
View negated below 312 Closing basis.
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RBLBANK
RBLBANK ANALYSISOK 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 FOR SHORTS AND GO LONG IF CLOSES ABOVE UPPER TRENDLINE TARGET IS GIVEN MOST IMPORTANT THERE IS GAP AT 282.50 WHICH ACTS AS VERY BIG SUPPORT SUPPORT MANY TIMES THERE GOOD LUCK
NOTE: FOR EDUCATION ONLY
RBLBANK SHORT SETUPPREVIOUSLY I GAVE LONG IDEA NOW THE GAP HAS BEEN FILLED WHICH IS AT 283 NOW IT HAS TOUCHED UPPER CHANNEL LINE SO IT SHOULD COME DOWN TO LOWER CHANNEL LINE WHICH IS NOW TARGET 258 APPROX HERE IS MY LONG TARGET GIVEN YESTERDAY
NOTE: NOT AN ADVICE JUST FOR EDUCATION
RBL BANK LONG RBLBANK IS SHOWING BULLISH DIVERGENCE IN 1 DAY CHART WITH RSI once is closes above exponential moving average 5 that is 263.5 target is the gap as shown in chart with square that is 284 approx BUT 1 ST TARGET IS 270 2ND IS 277 AND FINAL ONE IS 284 STOP LOSS WILL BE 247
NOTE: FOR EDUCATION ONLY NO ADVICE GIVEN
RBL Short Set up RBL is now ready for a big short movement as it has broken all barriers in terms of moving averages. Price is currently under pressure and can expect the following to happen
short price - cmp
Stop loss - 381
Target 1 - 302
target 2 - 286
Target 3 - 230
Strategy - Short 2 lots and cover 1 at 302 and the second at 286, if it trades less than 280 for more than 1 day then short again for immediate target of 230
RBL bank support and resistance || #RBLBANKRBL bank support and resistance.pick point to reverse or down to create 1st low.
RBL trade setupRBL Bank to consolidate within narrow Triangle and can break out on either channels....keep watching.....
RBLBANK || LONG || INTRADAYBUY 390 SL 388
Targets 395, 400, 405, 410, 415, 420, 430
OR
RBLBANK AUG 400/420 CE (12.10/6.40)
RBLBANK || LONG || INTRADAYBUY 390 SL 388
Targets achieved 395, 400, 405, 410, 415, 420, 430
OR
RBLBANK AUG 400/420 CE (12.10/6.40)
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.
axis bank setupthe stock had seen a good fall from past couple of days and hads successfully filled the gap , while other stock like icici sbin kotak may witness a fall , this along with hdfc bank and rbl bank can give a good upside retracement.
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
