RBLBANK
wedge patternRBLBANK- short term trade setup for RBL bank - Buy above 200 for target 218- sell below 189 for target 171
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
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RBLBANK LONGI hope you can now see how RBLBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
RBL: Correction over ?After the five wave rise stock has given a 3waves corrective move in the form of wxy. Considering this correction as a wave 2 completion on larger degree, one should go long on current levels keeping SL of 170 & target for higher in 5 wave impulsive rally. the immediate target should be 220/240
RBL bank long setupThe chart although is self explanatory. Circle 2 ended around 4 of smaller degree and the low of the reverse channel (first drawing trendlines of the top and then parallel lines for bottoms, Circle 3 should start from here should take us to the channel top.
Perform your own due diligence before acting on this trade.