After four months ,breaking the previous lifetime high made in april.
sell rbl positional call at 567 sl 583 closing basis target 537. 505
LONG ABOVE 576 Target 580 & 586 SL 570
Good buy opportunity from red lines blue is good support for now
RBL 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...
RBLBANK has been respecting the neckline with a big smile for almost an year. awaiting a breakdown/reversal
NSE: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
" 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.
A 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.
Mutiple 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.
Refer 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.
RBLBANK is back testing the one year neckline.Awaiting a breakdown/revesal
its the new HDFC BANK in making!!
Narrow 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 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 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.