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.
Target mentioned in chart. Vijayaraghavan Kovilpatti
RBLBANK is back testing the one year neckline.Awaiting a breakdown/revesal
ABOVE 543 TGT 580 - 750 SL 500 EDUCATION PURPOSE ONLY
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.
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
for 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