RBL Bank Intraday Trade | Jan. 11thSell 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
RBLBANK trade ideas
CAMERILLA INTRADAY TRADING SETUPCamarilla Trading Strategies
There are 4 distinct scenarios that can occur when trading with Camarilla pivots:
Scenario 1 - Open price is between H3 and L3
Scenario 2 - Open price is between H3 and H4
Scenario 3 - Open price is between L3 and L4
Scenario 4 - Open price is outside H4 and L4
Scenario 1
Open price is between H3 and L3
For Long
Wait for the price to go below L3 and then when it moves back above L3, buy. Stoploss will be when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3
For Short Sell
Wait for the price to go above H3 and then when the price moves back below H3, sell. Stoploss will be when price moves above H4. Target1 - L1, Target2 - L2, Target3- L3
Scenario 2
Open price is between H3 and H4
For Long
When price moves above H4, buy. Stoploss when price goes below H3. Target 1 - H5, Target 2 - H6
For Short Sell
When the price goes below H3, sell. Stoploss when prices moves above H4. Target1 - L1, Target2 - L2, Target3- L3
Scenario 3
Open price is between L3 and L4
For Long
When price moves above L3, buy. Stoploss when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3
For Short Sell
When the price goes below L4, sell. Stoploss when price moves above L3. Target 1 - L5, Target 2 - L6
Scenario 4
Open price is outside the H4 and L4
Wait for the prices to come in range and trade accordingly.
This script is made using camerilla, fibo, standard pivot and this includes yesterday high and low with CPR for range finding. This script can help to find nearest support and resistance where market can take reversal or we can find targets for long and short positions, generally people have query about how to set targets. This script can give wonderful result.
Here camerilla H2 H2 and L1 L2 need not to be used for following proper camerilla setup.
Conclusion
Patience and discipline are key. Traders must wait for the levels to be reached before taking action. Once you are comfortable with trading the basic strategy, you can further experiment by combining it with SMA, EMA or the RSI to see if you can further improve your trading performance.
strong upside in RBL bankrbl bank looks strong upside after breaking long term bearish channel and recently its moving in a rising channel.
now stock has made breakout on upside from channel with good momentum near term target could be 275-300.
LONG RBL BANK - TARGET - 270, 280.LONG RBL BANK - TARGET - 270, 280.
TRADE WITH PROPER HEDGING. BECAUSE NO ONE PREDICT 100%.
RBLBANK, TEXTBOOK INTRADAY & SWING SETUPRBLBANK has given breakout from long term trend line.
Intraday it is good above 240.2 & Swing it is good above 247
Thanks
Piyush Gupta
Learn & Earn
rbl bank is strong candidate to long near about to break outmany reasons to long rbl bank
1. long down trend trend line breakout already done in last month
2 now consolidation is happening around resistance on 248
3. strong chances to upside breakout from resistance
4. market is in uptrend
5. strong bank fundamentals of rbl bank
like share and subscribe
CAN BOOK NOW THIS TRADEAs the market become very zig zag and deprived of any trend can book here full
RBL BANK - Buy in Dips Note - This is for educational purpose only.
Chart is self explanatory .
Stoploss - 198
RBLBANK can have negative sentiment for the next few daysPlease do your own research before trading or investing.
RBLBANK buy at 165 , expecting 30% profit I will go LONG on RBLBANK because:
The price is taking support at trend line .
It has touched the support trend line again .
So will look at buying opportunities.
If it falls below the support trend line then short it.
Entry - 165
Target - 200/210
Stop loss - 145
RBL Bank EducationCMO 237
No Buy Sell Suggestion.
219 Opportunity.
BO should continue rally.
1. Channel
2. Stm. triangle.
3. Blue lines S & T
RBLBANK Long and Short IdeaRBLBank is trading in a Rising Channel and Gave Closing above Resistance
Looks good for Long above 240 Level (Green Line )
In Case of Breakdown Weak below 232 Level (Red Line)
Between Green and Red line is No Trading Zone.
RBLBANK bullish above 230closing above 230 price can give good up move in coming days , one can add this in watchlist to trade on positional basis or intraday as well
