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...
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...
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.
Trade Setup for Date 23-08-2021:
1) Don't Jump in to trade at the beginning...
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 was in a range. and it has broken range with support of trend line .
* Today it has broken resistance line.
* The beginning...