RBL Bank forms a Beautiful triangle in Weekly frame, Triangle tested two times but eventually failed . Last week's Candlestick shows a Hammer which indicates bullishness .
Can go long with SL 153 or your Risk Appetite this is a big triangle so one can also expect it to reach the Support line of triangle and also breakout .
Targets 218 and 265
This is a Weekly...
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...
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 .
I hope you can now see how RBLBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Monthly RSI entering 50 is supposed to be strong. It can give us a multibagger over a period of 1 year or so.
Enter once RSI sustains over 50.
Exit upon RSI reaching 80 on monthly charts only.
5 March 2021
CMP - 242.35
Target - at least 100% in 1-2 years!
Stop Loss - Rs.205/-
RSI above 50 is not my strategy. Video Link in Related Ideas at bottom.
I am taking...