IT looks like RBL Bank is doing a breakout comfortably on Friday
Do watch the stock for a possible target of 286 in a short term
This is not a recommendation, and is being shared for educational purpose...
- RBL is facing rejection from downtrend line from last some months.
- This trenline is always tested by the RBL Bank and rejected from there.
- This time if this trendline breakout and 2HR Candle close above it, than it's good opportunity for 30-50% movement.
We Don't Give 4 Line trades with Just Entry, SL, TP.
Go through analysis and than decide you should...
RBL BANK:Multi Pattern confirmation."W" or Double bottom & Cup & Handle pattern.Looks like current retesting Breakout levels.
View negated below 312 Closing basis.
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RBLBANK this stock instrument may be close to completing the pattern
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