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RBL Bank share has made cup and handle pattern.
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And the share tested multiple times the 218 and now the time comes,
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That RBL share can give you the move.
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Our Target is 260.
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What's your view on this comment below in the box.
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...
Key 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...
After a good rally from the bottoms , stock has went into a consolidation forming a triangular structure. one should buy the stock with sl of 210 & look for the tgt of 230/240. The minimum target should be a poke above wave iii highs .
NSE:RBLBANK has bullish momentum to continue further.
A long term outlook and high volume adding up shows this trend will power up in weeks to come.
A target of Rs400 is good price we will see in a few months.
