RBLBANK
RBL Bank - LongRBL Bank after trading in a side ways channel pattern has seen breakout with formation of Inverse Head and Shoulder pattern. The stock had been trading in the range of 450 - 600 since more then a year. The stock has witnessed a breakout with high volumes and strong momentum. One can go long on this counter with Target of 570/580/592, Keeping stop loss at 535 (Closing basis).
RBL Bank Future Lot size: 1000
Risk Reward: ~1.
RBL BANK NoselineRBLBANK has been respecting the neckline with a big smile for almost an year. awaiting a breakdown/reversal
Buy half qty RBLBANK at 565 sl 530 add more above 600 closeNSE:RBLBANK ...looks good ...one can buy half qty around 565 with strict stoploss of 530 as it may reverse from here ......but once it closes above 600 add other half ....sky is the limit....watch out
RBL Bank - Perfect Up Trend today" Retracement and Reversal " showing perfect UP trend with " 1. No Retracement ".
One clear "Retracement" seen with " 2. Single Level Retracement " and then again up up up.
RBLBANK looks goodA small trade, want to take some profit off 540 level and see if it sustains above. Stop as shown. Options are not so liquid, will monitor the same today. Might get a buy from 520 or 513 levels.
Short RBL Bank tomorrowMutiple bearish divergences in stochastics as well as negative MACD crossover makes NSE:RBLBANK as 'SELL' cadndidate!
Short NSE:RBLBANK tomorrow with a target of 507(t1), 501(t2) & 496(t3). A stop loss of 517.3 is highly recommended.
RBL bank short term viewRefer chart for stoploss and target. Head and shoulder fomation going on in 1hr chart. Target given based on trend lines and head and shoulder formation. Both targets are same. Indicators also may turn to sell.
Vijayaraghavan,
Kovilpatti.
RBL bank short term viewNarrow bandwidth in Bandbollinger band, above avg line in BB band,Rsi positive,MACD line crossover in weekly chart, ADX positive in dialy chart also will helps to move further levels on upper side.
Targets are from trend lines( not shown in graph)
570
590-602
616
636
Stoploss : below 516 on closing basis
Vijayaraghavan
Inditrade, Kovilpatti
RBLbank Flag BreakoutRBLBANK had a great leg up , no moving in a longggggg flag.
its bouncing off 382 FIB level. acting as a good supports at the moment.
RBLBANK Channel BreakoutRBLBANK is on the Breakout/Reversal Zone
May reteace to complete what can be a Head and Shoulder, too early to say anything about H&S.
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
rblbank - a swift move is expectedfor educational purpose only - rblbank is on the verge of a big move upward or downward above 484.5 buy sl 480 tgt 515 or sell below 475 tgt 445
