RBL bank forming a bullish Bat Pattern, and also the RSI indicates bullish divergence this is positive sign for the pattern.
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. ------------------------------------- Trade Setup for Date 23-08-2021: 1) Don't Jump in to trade at the beginning...
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
Sell if sustains below 263.5 for the targets of 259 and 254 until 267 is saved on the upside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team