Break of a strong down trend on weekly, more upside to come
Must take this trade as Risk to Reward is great almost 1:7
Note: THIS IS NOT A FINANCIAL ADVISE, ONLY FOR STUDY
NSE: RBLBANK 206
-Fresh up move and again Close At Resistance
-Price And Volume Both Confirms
-Next Level To Watch 210-215-225
-Support Near 185-170
-Closing Basis
NSE:RBLBANK
#RBLBANK for formed #CupandHandle pattern, breakout and sustain above level 201 may give good positive momentum.
Post confirmation may try 200CE with same level as SL.
Happy Trading !!
NSE: RBLBANK 196
-Fresh up move and again close above the last trendline
-Price And Volume Both Confirms
-Next Level To Watch 203-225
-Support Near 185
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...
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...
buying 195-198
hold for long .. because I feel volume is decreasing from last 1 month . and max volume candles are in red . Now its time to RBL bank bounce backEven Double top pattern indicates bearish signal. I am long in RBL for long term
#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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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...
RBL Bank
CMP - 213
Stop - 180 on DCB
Expectation -
T1 - 275
T2 - Open, Review at 275
Expected Holding Period - 80 trading days or earlier for T1
Ideas being shared only for educational purpose
![RBLBANK: Simple Trade Setup| RBLBANK | 02-09-2021 [POSITIONAL & INTRADAY]](https://s3.tradingview.com/h/hGUcb2HV_mid.png "Simple Trade Setup| RBLBANK | 02-09-2021 [POSITIONAL & INTRADAY]")
