RBL BANK long position invest with caution, always consult your financial advisor before taking any investment, this is not a investment advice this is just my view for educational purposes.
RBLBANK trade ideas
Aapne ghabrana nahi hai :)barring the negative news and hysteria, there is lower low and channel support
Levels to watch 156
Long RBL Bank SL 155 Keep adding at 165 levelRBL Bank has strong support at 155 level
It is trading much below book value (book value: 211)
Target : 188/196/210
RblbankPrice action levels are drown in weekly time frame ..
Chart pattern also made there.
We can buy in cash upto target level
Or in option with bull call spread..
003 RBL BANK CUP AND HANDLE PATTERN24-Nov-20
Monthly: After Pandemic it is improving & it is in the process of recovering the loss. Immediate Target looks to be at ~ 300
Weekly: Forming a Cup and Handle pattern, it is for reversal of the downtrend
Daily: BreaKout Retest and now the continuation of Cup and Handle pattern
RBL BANK Hourly chartRBL Bank forming a volatility contraction pattern on the Hourly chart and aboev 196 can move 10%+, have marked the required structures and potential target areas.
RBL BANK - CRUCIAL LEVEL - Retracement from 61.8 Fibonacci LevelBased upon the Levels Provided below,one can attempt the trade in the following stock.
Disclaimer:
This view is purely for educational purpose and it's my personal.
Please consult your financial advisor before attempting any trade.
We're not responsible for any loss or profits.
RBL BANK - BullishCrossed Major Ma's with volume in DTF
Looks strong enough to reach previous high again
Nearest resistance not stands at 227/248
View negated below 210
18/10/2021 Resarch Report For RBLBANKDisclaimer:
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 your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time.
Buy Only if RBLBANK will goto below on 165 or 164.5
Target 1: 200
Target 2: 210
Target 3: 214
Target 4: 218 or 219
Target 5: 230
Breakout from Triangle patternRBL bank has fallen from the highs of 680+ to 110 ( which is bad for any stock!!)....it is moving up now...the pattern looks good, so let us hope for the best. targets are marked. I am thinking short term ( I mention this because there are stocks where i would think long term for e.g Larsen & Toubro, a heavy weight which has had a multiyear breakout and is slowly moving up- please see the chart pattern which i have posted). This is an idea, not a recommendation.
RBLBank long term bet. Good rally expectedRBLbank is both fundamentally and technically strong on charts. Book value ₹ 211, Market Cap ₹ 12,235 Cr
Fundamental View
Stock is trading at 0.97 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of 6.77% for last 3 years.
Contingent liabilities of Rs.61848.98 Cr.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.2514.51 Cr.
Dividend payout has been low at 9.46% of profits over last 3 years
Technical View
Strong uptrend on monthly chart and trading above key Fib ratios. C/3rd wave upside is currently progressing.
Target (25%) Achieved in RBLBANKThis is follow-up on RBLBANK . Can check link to related ideas.
Around 25% Target Achieved So far. Safe trader can start booking profit here.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
RBL bank under dog1. take support on 21 EMA.
2. close above 200 EMA
3. long buildup in futures.
4. 190 to 194 multiple support . ( 21 EMA, weekly CPR)
5. 214 weekly chart resistance .
5. RSi above 50 since last few weeks.
one should consider to buy around 195 ,,stop loss 190 ,, target 214 .
RBLBank heading for Long term watch outRBL Bank is looking good for long term investors. Fundamental and Technical both are currently strong
RBLBANKNSE: 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
RBLBANK strong breakout with heavy volumeReasons to buy RBLBANK:
1. Stock gave a strong breakout from the descending triangle pattern with heavy volume.
2. Company manage to came in net profit of 31 Crores in sept-2021 quarter, while it was in net loss of 459 Crores.
3. Stock is trading at 0.98 times its book value.
Targets: 270, 400
Hold for 6 months to 1 year
Points to remember before buying:
1. Always diversify your portfolio.
2. Never give more than 5% weightage to a single stock.
RBL Bank bullish above 207If it sustains above the red trendline and 207 levels, the targets may be 230-235-245 in coming days
RBLBANK LONGChart is self explanatory
Enter Around 190 - 201
Disclaimer: This view is for only educational purpose
Triangle patternSince the past past quarter result tested the stock it went to its base support and bounced back with fast recovery.In coming quarters it's NPA will decrease gradually which will help the stock to recover slowly
RBLBANK option strategy for November-2021::This is just for education::
RBLBANK share price had fallen around 10% (closing basis) after Sep. quarter result. Although the result has improved from last quarter. So in my opinion it should not fall much, chart pattern is also indicating the same.
As indicated in chart, it can take support at 160 level, and can face resistance at 200 level. I think butterfly option strategy can be applied here.
Strategy:
Buy 1 lot RBLBANK NOV 160 CE (Support price)
Buy 1 lot RBLBANK NOV 200 CE (Resistance price)
Sell 2 lot RBLBANK NOV 180 CE
Need experts opinion!
[POSITIONAL] RBLBANK LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Interesting Chart-What Next ?After a long time stock gave a breakout but again goes below the support level. keep on the radar for the coming days.
Please share your opinion on the stock.
