RBLBANK trade ideas
RBL at support followup candlle?Whenever you see reversal from support i wait for another candle that follow through will it come here??
Lets see
RBL to take long entryOnce again an opportunity in the RBL bank. buy half the quantity above 245 above resistance level & another half after the break out of TL marked in the charts @ 252 for the target price of 272 with the SL 232. This is for pure educational ideas.
RBL Bank - Breakout at 219 levelRBL Bank on 19th March closes to its breakout level. see the demand & supply it shows bearish signal. if it closes below 219 level at day end then a bearish view of the RBL bank we can see.
#RBLBANK 1D TFMultiple touches on ascending trendline
Descending triangle formation ( For completion-Expecting support at fib 0.618 and 0.786 levels)
On Account of support, 253,259 and 268 can be targetted.
Buying opportunity in RBLSpot price is at the daily support trend line. Can buy at LTP for a target just below the resistance and SL 5 points below the support.
RBLBANKTrading analysis as explained in chart. Don't be in a hurry to take position. A wise guy once said "Stock Market is a device to transfer money from impatient to patient".
Please use strict stoploss and money management rules.
Please consult your financial advisor before investing.
This idea is for educational purpose only.
If you support the idea, please hit 'Like' button.
Happy Trading!
PS: I have a bias towards long position in this scrip. I have also set my targets for the same.
RBL BANK Breakout!!RBL Bank has been consolidating from the past 2 months.. any breakout above 255 can take the stock to 300
230 is a good short term support below which the long view would be invalid
Intraday Buy_RBL Bank_09.03.2021Buy @ 251 SL 246 TGT 258
For Education Purpose only try this in Paper Trading
RBL Bank Intraday & positional !!!RBLbank: cmp : 252.5
A symmetrical triangle has been formed in daily chart.Bo done above 250 lvl.
As well as paralllel channel BO done in hourly chart.
So good to grab on dips for the
TGT of 260.35/271.45
SL 242.35 clbs
Positional TGT 296
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
RangeTrading in range of 222-262 . Close abv 270 is bullish. Close below 210 is bearish. In between expect stock to trade in range for couple of mroe sessions before giving and major trend confirmation.
Disc : it's not an investment advice to buy or sell
RBL Bank- Double OpportunityMoving in a flag pattern with +ve RSI divergence. Inspite of bank nifty being weak. Moving in NR4 and NR7 along with RSI close to 50. Targets can be 300, 410 and 700+. Positional Call for 6-12 months.Price to Book(1.12:1) is very low as compared to other banks.
RBL BAnk chart AnalysisSupport and Resistance
Symmetrical triangle - Breakout or Breakdown level
cmp 244, Resistance 260,
Support 230.
Buy above resistance (Target - 280+)
Sell below support ( Target - 210-200)
If bought then Book profit at cmp and re enter above 260
Pennant break-(Down/Out) Be watchful, may give a break on any of the side in the upcoming Trading session
(Down side 1st Target- 215,Upside 1st Target-270)
