RBLBANK - Cup with Handle on Break out on Daily charts
Good RR - 1:2:4
Follow strict Stop loss
Also this recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
Break of a strong down trend on weekly, more upside to come
Must take this trade as Risk to Reward is great almost 1:7
Note: THIS IS NOT A FINANCIAL ADVISE, ONLY FOR STUDY
Stock Name - RBL Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 125.
#This is not Buy and Sell recommendation to any one. This is for education...
We are currently in minor wave iii of wave C of wave Y, fall from 274 has become a complex correction, possibly a triple zigzag pattern, if wave Y is going to be equal to wave W then we can see 81.75, 58.85 and 40 levels too.
Overall wave counts on weekly chart
macd in monthly turned negative
macd in weekly negative
macd in daily also in negative
rsi in...
NSE:GUJGASLTD
#GUJGASLTD chart shared with levels and it successfully bagged 17.5k/lot ✅
Wish everyone bagged decent amounts and with good learning experience 👍
Check out other stock performance too and don't loose your hard earn money with blind trades 🤝
Happy LEarning !!
Given the current Impulsive progression to the downside, RBL Bank looks all set to make a move lower than 111 level as what looks to be Wave 5 in the progression.
Further on the move seems to be having support from the Indices which are themselves showing weakness.
#RBLBANK
1. Bearish on All Time Frames.
2. Rounding Top on Monthly Time Frame. Stock looks all set to retest the Covid Low of 105.
3. 117-105 levels will also act as major support and can be good buying opportunity if 105 is saved on Monthly Closing Basis to again reclaim 175/225+ levels.
4. Monthly Closing below 105 will lead stock to Two Digits and new All Time...
RBLBank CMP 137
Breakout in the trendline
Also Closing above 136.5
Showing 1st sign of bullishness
Also trend reversal candle can be seen
Looking good as long as it holds 132 levels
Chart is for study purpose only!!!
Rbl Bank is at significant Low.
Good to buy for Short to long term Trading for the Target of 182 / 300.
Need a strong weekly close above the Accumulation / Distribution zone shown in chart for higher targets for long term investment.
Stop-loss will be based on weekly close below 100., below that it can be another yes bank.
