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
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from...
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 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...
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 .
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
Buy if sustains above 255 for the targets of 259 and 263 until 251 is saved on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:RBLBANK
Hi Traders,
RBLBANK trade setup and entry and target level on chart.
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This would give us ...
NSE: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...
![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]")
