RBLBANK IN INTRADAY IS MOVING IN A CHANNEL NOW IT HAS BOUNCED FROM LOWER LINE SO WE CAN GO LONG TARGET IS GIVEN ALSO MAX IT CAN TOUCH IS UPPER LINE STOP LOSS IS 339.35 ON CANDLE CLOSING BASIS
WHITE LINE IS VERY GOOD RESISTANCE STOCK STARTS MAKIING DOJI CANDLES SOON AFTER TOUCHING THIS LINE BUT ONCE THIS LINE IS BROKEN ON CLOSING BASIS TARGETS FOR LONGS GIVEN ALSO VERY HUGE DEMAND ZONE IS MENTIONED WITH GREEN THIS MAY BE STOP LOSS
If the price breaks the last fractal top, go long.
Enter using Stop Loss limit order with the given levels in chart. ( CNC )
This buy signal automatically cancelled if another UP fractal is formed.
Vice Versa for short.
AS WE CAN SEE IT HA TAKEN RESISTANCE FROM FIBONACCI`s 61.8% LEVEL MANY TIMES AS SHOWN WITH WHITE ARROW SO I GUESS IT IS HEADED FOR THIS LEVEL AGAIN AS MARKED WITH ARROW AND MAY TAKE RESISTANCE AGAIN THERE FIRST LET UPPER TREND LINE BE BROKEN ON CLOSING BASIS
NOTE: FOR EDUCATION ONLY
RBLBANK BUY at 353, Tp 371
@trading_nifty_AM
Free calls at AM Trading Institute. Join our Telegram Page for more updates on Stocks, Signals, charts, technical indicators.
t.me
RBLBANK BUY at 353, Tp 371
@trading_nifty_AM
Free calls at AM Trading Institute. Join our Telegram Page for more updates on Stocks, Signals, charts, technical indicators.
t.me
- RBL is facing rejection from downtrend line from last some months.
- This trenline is always tested by the RBL Bank and rejected from there.
- This time if this trendline breakout and 2HR Candle close above it, than it's good opportunity for 30-50% movement.
We Don't Give 4 Line trades with Just Entry, SL, TP.
Go through analysis and than decide you should...
RBL 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.
FOR MORE CHARTS FOLLOW ME
