RBLBANK
RBLBANK: Positional Buy Trade SetupNSE:RBLBANK
Hi Traders,
RBLBANK trade setup and entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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NIFTY BANK Vs PSU Bank Vs Private Bank I was wondering who is pushing the Bank Nifty, so I decided to visualize this by this simple comparison.
The three major PSU banks are compared with the NIFTY BANK there market cap is as follow
3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE.
9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK.
YoY in % YTD in % 30 mar to 18 Nov in %
BANK NIFTY -5.56 -8.14 57.31
PSU BANK* -41.95 -43.64 6.03
State Bank Of India -25.47 -26.3 31.7
Punjab National Bank -49.1 -52.8 -7.29
Bank Of Baroda -51.28 -51.82 -6.32
PRIVATE BANK** -17.32 -19.41 62.00
INDUSINDBK -42.02 -45.4 96.12
AXISBANK -13.6 -15.58 72.68
ICICIBANK -1.29 -8.21 56.2
HDFCBANK 11.16 9.92 68.91
RBLBANK -32.71 -36.7 47.8
KOTAKBANK 12.16 9.91 42.9
BANDHANBNK -37.12 -29.3 66.43
FEDERALBNK -32.51 -33.8 45
IDFCFIRSTB -20 -25.6 62
*Average of PSU banks included in NIFTY BANK only
** Average of Private banks included in NIFTY BANK only
(YoY) in % YTD in % 30 mar to 18 Nov in %
BANK NIFTY -5.56 -8.14 57.31
PRIVATE BANK** -17.32 -19.41 62.00
PSU BANK* -41.95 -43.64 6.03
Where BANK NIFTY is down by 5.5% PSU BANK* is down by 41.9% on YoY basis.
After 30 march 2020 where BANK NIFTY is up by 57.3% PSU BANK* is only up by 6% even though PSU banks holds 28.05186836 % of NIFTY BANK VALUE.
It is interesting to see that after 30 march 2020 ,the 28.05 %(%value in Bank Nifty) of 57.3 is 16.7 that means PSU BANKS** contribution in Bank Nifty is lagging by (16.7-6=10.7)10.7%
It is interesting to see that after 30 march 2020 ,the 71.94 %(%value in Bank Nifty ) of 57.3 is 41.24 that means Private BANKS** contribution in Bank Nifty is leading by(62-41.24=20.76) 20.76%
With the above observation it is clear that at least PSU banks included in NIFTY BANK are the ultimate underperformers and the move of NIFTY BANK is solely because of the Private banks in NIFTY BANK in the last two years
Data Taken from nseindia official website.
Let me now what's your take on the above observation in comments and also comment about such bad performance of PSU banks.
RBLBANK is Making Symmetrical Triangle Pattern (Breakout Trade)RBL Bank : Private Banking Company ( NSE:RBLBANK ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
RBL Bank LongNSE:RBLBANK
Hi Traders,
RBL Bank is in buy zone and you can open new orders based on price action. Stock has broken resistance line and start moving in upward direction. A good movement can be seen after 206 level.
Stock Analysis
* Stock was in a range. and it has broken range with support of trend line .
* Today it has broken resistance line.
* The beginning of uptrend is started.
Buy Level
You can buy on current price based on price action
Target Level
TP1= 213.60
TP2= 226
TP3= 246
TP4= 279
**********************************************************************************************************************************
If it is helpful for you, please show your support and hit the LIKE button.
Provide some feedback below in the comment!
This would give us encouragement to keep sharing our ideas here on this platform.
###Learn To Earn###
* It is educational/learning purpose only...
Trade well,
**********************************************************************************************************************************
RBLBANK is Making Ascending Triangle Pattern (Breakout Trade)RBL Bank : Private Banking Company ( NSE:RBLBANK ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
RBLBANK is Making Ascending Triangle Pattern (Breakout Trade)RBL Bank : Private Banking Company ( NSE:RBLBANK ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma