double breakoutgreat buying opportunity in this treand breakout as well as peanant breakout since psu bank are in rally you can expect a rally from here....mfi going huge
RBLBANK trade ideas
Best place to enterPeople had short position as the quarterly result was going to be announced, profits has decreased but the good thing is NPA has improved. Book value is increasing for the last 2 years.
Look for a confirmation entry if it closes above 188 in the daily time frame.
It's near the 50% retracement levels. You will have best R:R ratio here.
Banknifty is underperforming but it will start performing, as the nifty gave third breakout above 14570.
If it has to fall it will fall from here onwards but if it works, you will have favourable RR
It has also formed inverted hammer pattern on weekly time frame.
RBL BANK LOOK POSITIVERBL BANK Was observed a tringle which broke down till 169 levels.
RBL BANK was observed a double bottom which is trend reversal pattern with convincing volumes and good market cues.
RBL BANK is expected to go long on this stock.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not any recommendation
RBL BANKBUY-181-182
A small bank at Good Discounted Levels..
Results Today..
Can see a Gap UP too tomorrow..
Positional Play.
TimeFrame-May End
SL-170 Below Closing Basis..
Targets-225-265-280
Start Accumulating..
RBL: Correction over ?After the five wave rise stock has given a 3waves corrective move in the form of wxy. Considering this correction as a wave 2 completion on larger degree, one should go long on current levels keeping SL of 170 & target for higher in 5 wave impulsive rally. the immediate target should be 220/240
RBL bank long setupThe chart although is self explanatory. Circle 2 ended around 4 of smaller degree and the low of the reverse channel (first drawing trendlines of the top and then parallel lines for bottoms, Circle 3 should start from here should take us to the channel top.
Perform your own due diligence before acting on this trade.
RBL bank for CNCbullish bat pattern reversal area is near 170-167 long in this range for good returns in delivery
RBL BANK | Support till 156, more downside below
RBL Bank structure looks weak at the moment, if it violates level 165 on closing basis can se more downside, at crucial zone.
In daily TF negative crossover of 50EMA and 200EMA
Beware those holding the script
long on rbllong on rbl , a clera breakout of trendline and moreover it is on its crucial support where its showing a buying pressure,and adding ema cross to it which is 14 ema and 50 ema. If goes above 217.90 go for good buy
buy rbl bank with sl of 174 add more at 184 levels tgt 230++ posit was in channel broken ..will try to moeve up again ..
RBL Bank - Beautiful breakoutAfter a big fall price is trading in a range for the last 7 + days and its time to break the resistance and move up.
RBL BANK ON 5MINS CHARTRBL bank has formed Ascending triangle pattern which is Neutral price action pattern that means trader needs to be ready to take position on either side depending upon the breakout or breakdown. Trade safe. Look for both setup.
RBL BANK ANALYSIS1. As you can see the price is at support and forming a double bottom pattern and done breakout also
2. if on Monday market open bullish we can see a good upmove in rbl bank
Buy RBL BankRBL Bank is Taking Support @ 210 - 215 Range and its is also taking a 200 DMA Support as well
Swing Trade Tgt 230-235
Above Trade idea is just for Educational Purpose, Please do your own research before Investing
Rbl on moveKeep this on the watch list.
Trading is all about probability nothing is for sure in this business so always keep your chances high
If you manage your loss, you eventually will be the winner sooner or later.
Castles never made within a day.
Rbl double bottom Rbl makes double bottom on key resistance approached support level.
Can be long potential if sustained above the support level
