RBLBANK
#92 RBL BANK SWING ANALYSIS#92 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
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RBL Bank Cup & Handle Formation RBL Bank formed CUP and Handle Formation on Daily Chart and it looks good above 230-231
For first target : 247
Second Target : 270
Stop loss : 220
Things to remember :
1) Always wait for Confirmation, dont just jump in running candle
2) Condition for breakout is ... it should break the range with big green candle with good volume
3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance
4) Always keep trailing Stop loss.
Note : I am still learning .. let me know if i missed anything
Disclaimer : This is purely for education purpose only
RBL Bank - Triangle breakout + Volume expansionKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Triangle breakout
4. Volume expansion
5. Accumulate till 215
6. Target: 233, 249, 265
7. Stop loss: 210
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
RBL BANK _ Broken and Retested the IMP Channel (15 Min)Looking at the chart, it looks like RBL Bank done with the Rally and broken the Channel Support, also retested the same due to profit booking (Maybe). But as per my analysis I am going to short with hedge to Get More from the down move with limited risk to the upside.
Entry will be interesting for me with proper exit plan. Do your analysis with the little help of mine.
Positional Trade:
Entry : Below 214
Stoploss: 223
Target: 194 (Maybe more with Trailing SL).
"Like" if you like.
This is my personal view for trades sharing just for learning purpose.