Rblbankbreakout
Bullish Breakout of Daily Flag & Pole PatternA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:RBLBANK
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
RBL BANK Weekly Chart knocking the Breakout DoorRBL BANK Weekly Chart Overview
RBL Bank will be LONG run if its closing above @244.00 and sustain in weekly chart timeframe.
:: Data Point ::
Breakout Level: @244.00
Target 1: @268.00
Target 2: @326.00
Stoploss: @208.00
Note: -Price traded above 200 EMA.
-Ascending Triangle Pattern created.
RBLBANK possible Elliott wave countsHello Friends,
Here we had shared possible Elliott wave counts of RBLBANK, which is suggesting Bullish bias ahead, and chart itself says everything, some significant snapshots are shared below, you can go throughout.
Thanks
Elliott wave counts on chart
Breakout with good intensity of volumes on daily chart
MACD positive crossover in daily chart
MACD uptick and near to positive crossover in weekly chart
RSI uptick and above 60+ in daily chart
Price above upper bands in daily
RK's Mass psychological cloud suggesting bullish bias
DMI ADX i positive in daily
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RBLBANK - Ichimoku Bullish Breakout 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 175
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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Simple Trade Setup| RBLBANK | 02-09-2021 [POSITIONAL & INTRADAY]NSE:RBLBANK
Observations:
1) On 1 HOUR time frame it has breakout 164 level and then it has tested if for support and it got support from 164 and gave good upmove.
Please refer below chart : 1 hr time frame.
2) On Daily Time frame you can see that it has now reverse from the critical support range and made bullish candle today by taking support from 164 level.
And it closed just below 21DMA.
Please refer below chart : Daily time frame.
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For POSITIONAL trade one can take long position from CMP or above 171.40 and Aim for target of 207/215 with Stop loss of 155. I am expecting this target will be achieved in this month only.
Please refer below chart : Daily time frame.
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Trade Setup for Date 02-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
My personal view is bullish on RBLBANK.
Simple Trade Setup| RBLBANK | 23-08-2021| Will it give reversal?NSE:RBLBANK
Observations:
1) On daily time frame it has come to the critical zone. From it may reverse or on breakdown of it, it will go down. But my personal view is that it will give revesal.
Please refer Chart below: daily time frame.
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Trade Setup for Date 23-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
5) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
For Positional Buy trade only take entry once it give closing above 165 level on daily time frame and target will be 200 in short term.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
#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 - 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.