RBL BANK - Buy in Dips Note - This is for educational purpose only.
Chart is self explanatory .
Stoploss - 198
RBLBANK trade ideas
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
Chart7: RBL bank is looking good for the targets of 330/400 plusNSE:RBLBANK
Trading Idea: Positional/Short term/Swing traders can enter too for short term gains
Reason Behind Call: RBL bank is at demand zone . Chart is looking good for good rally in coming days.
Chart Pattern: Price Action
Targets: 330/400 Plus
Stop Loss: 200 on Daily Closing Basis
Holding Period: 3 to 6 months
DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
RBL BANK RBL bank has given breakout after a long time buy for 250 and 300 target for short term nifty and bank nifty showing cautious stance so keep strict sl of 200 but breakout at weekly time frame shows it will rise high
RBL may breakout from falling wedge or or breakdown trendlineRBL may breakout from falling wedge or or breakdown trendline
GOOD TRADE IN RBL BANKobserved a compression pattern in RBL bank and can be good trade
note: just a view trade at your own risk.
