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 trade ideas
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.
Rbl bank short sell 28 octoberRbl bank formed the bearish candle below previous week high on 1 hour time frame ......
for more information watsapp me at 8953585084
Long Term Opportunity in RBL BankGo Long above 203.6 for Targets of 251.6, 299.6, and 347.6 with SL 155.6
Reasons to go Long :
1. On a Monthly timeframe the stock has formed a bullish chart pattern, Double Bottom (W pattern).
2. A bullish candlestick pattern Bullish Harami (marked with orange color) is formed.
3. In addition to this the stock gave Trendline breakout on a Weekly timeframe.
RBL bank A nice triangle pattern with more than 3 resistance at the top and two supports at the bottom and the stock has lots of volume, I believe after the FII stops selling, the stock will regains its bull run again. lets see
RBL BLAST HO SAKTA HAIC&H pattern seems to be formed and completed
on 22 oct volume also seen
25 we can see breakout and tgt1 and tgt2can be done
mcpriceaction
learn, learn and learn
SELL PE 170/180
RBL BankPostive Results for Sep 2021 , broke Symmetrical Triangle on upper side , 200 MA , Can go for long
Will this be a NICE BREAKOUT from the CHANNEL PATTERNIf the closing is a good green candle with high volumes then this would be a good breakout to trade (with caution obviously).
There might be a pullback (or retracement). Have to be careful with the quantity that we take. Maybe taking small positions now and taking more when it seems to be a strong breakout is a good option.
RBL BANK D TFRBL bank gave a breakout of almost a year after consolidation of 9 months volumes are also rising while breakout is happening any dip around 200-203 would be a very strong buy stop loss can around 180 levels and target we can expect around 30-35 %
Rbl bank : Trendline Breakout above 202RBL BANK
Trendline Resistance Breakout
Possible in daily timeframe.
buy above 202 for 275 with sl of 180
NSE:RBLBANK Cup & handle PatternNSE:RBLBANK
#RBLBANK for formed #CupandHandle pattern, breakout and sustain above level 201 may give good positive momentum.
Post confirmation may try 200CE with same level as SL.
Happy Trading !!
Simple forecast based on RBL BANK tradeline for the long term.RBL BANK : - Simple forecast based on RBL BANK tradeline for the medium and long term.
RBL Bank is currently giving W Parton breakout. The stock is set to trade upside for the medium and long term. New purchases are possible from the 205 level.
RBL BANK _
bay abov:- 205
tr 1 - 222
tr 2 - 249
tr 3 - 262
SL - 184
We are not a SEBI registered analyst. This is for educational purposes only. You must consult your financial advisor before you trade. We do not advise you to buy or sell. You can trade at your own risk. We are not responsible for your profit or loss.
Thank you.....
RBLBANK - SUPPORT AND RESISTANCEStrong RESISTANCE at the top could move prices below support.
Levels to be breached on downside will be 199.90 and on the upside 200.55.
Down side - 196.93-193.02-189.73 ------ Upside - 204.13-207.42-211.33
