Cup and Handle breakout in RBL BANKIn the daily chart, we can clearly see that RBL BANK has formed a cup and handle pattern. Take long position guys it will definitely achieve our targets.
RBLBANK trade ideas
RBL BANK - FLAG FORMATION - BUY ABV FLAG RESISTANCE LEVEL.flag formation with perfect support taken twice at 38.2 retracement level .
indicating another strong move once candle closes abv resistance line of flag.
TF - 4H
disclaimer - study purpose only
Broke out of bearish shadow.If it manages to close above 197.50 tomorrow and remains bullish for a couple of days, target will be 246 by Sep end.
Big breakout of RBL bank OCCUREDGo long on RBL bank for target of 242 its 200 day ema.
date-26/8/2020
time-2.12pm
RBL buy above 191.90Rbl bank is a buy above breakout of 191.90 and we can also buy it at its weekly and daily support of 160
At resistance forming another cup formation.So nice to see price making another Cup formation adjacent to the previous. Big opportunity a head if breaks.
RBL Bank Flag Breakout !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
Inverted HNS pattern on RBL Bank 1hr timeframe initating a long RBL Bank is been trading in a range and formed a Inverted HNS pattern on 1hr TF.. and the neckline brokeout on 7aug. now the scrip its retesting its neckline.. a long trade can be initiated here with stoploss of previous swing low for target of recent swing highs and even more...
RBL bank for this weekAs all noticed, the supports were exactly as per my chat mentioned last week. there will be immediate pullback and the lvls are mentioned in the chat.happy trading...
RBL Bank Ltd. - WEEKLY VIEW!!RBL Bank Ltd. witnessed breakout from the pattern and consolidating right above the breakout area.
Likely to see further momentum above swing high of 194 level.
Technical parameters looks neutral as of now.
Immediate support for the stock comes at 180 level.
Keep a watch.
Flag Pattern BreakoutThe breakout occurred then it took support on the earlier resistance and is again gaining momentum. It can breakout tomorrow.
on verge of breakout above 200hit support of 160 twice i.e 23.6 percent retracement and forming a flag pattern....resistance at 200 with high call writers and increase in OI 23% increase yesterday.....total 30 lakh calls.....writers on both call and put at 180....
RBL Bank Struggling at resisstanceRBL Bank has tried to brk 207-208 levels for the third time and failed. It is range bound at this point in time. But it is a very interesting stock to watch for next few days.
RBL BANK CHART ANALYSISTHIS CHART GIVES YOU KNOWLEDGE ABOUT RBL BANK CHART ANALYSIS WITH SUPPORT AND RESISTANCE
