Education
RBLBANK trade ideas
RBL:BullishRBL banking made doji on daily chart. Also we can find RSI divergence on daily. buy as per long position tool on chart
RBL BANK #BULLISH#RBL BANK AFTER high of 205.70 it retraced up to 170.80 it retraced at 61.80 from this high....presently at support zone after neckline breakout it can give momentum on upside first resistance at 181/185/190 with support of 170....also in hrly chart its rsi positive diversion.
[Inside Bar] INDUSIND BANK Buy above 180 with Sl at 175.15
Sell Below 175.15 with SL at 180
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
RBL BANK LIMITED - POSITIONAL!!RBL BANK LIMITED
#RBLBANK is moving in a narrow range and has given a trendline break-out but without conviction.
RSI is above 50-level & is Bullish.
TT2 Trend is Bullish in 15 mins & Daily Timeframes.
If the price breaks above 181.25 with Volume & Conviction, the next resistance is 192.45/205. the Support is 170.90.
For the downward movement, the price needs to break 175 with Volume and Conviction, the next Support is 170.90/163.40/155.50. The Resistance is 181.25.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
RBL BANK TRADE PLAN: 06 JUL 20 ONWARDSRBL BANK – 06 JUL 20 ONWARDS
Support seen around 162.90-155.55 levels, if the said support held retesting of the previous high of 24 Jun 20 which stand @ 206.35 seems achievable
Trade Plan:
Buy(Half Qty) – 181.85
Buy(Half Qty) – 175.65
Target 1 – 192.95
Target 2 – 206.35
Strict stop below 159.30
R:R – 1.76:1
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
#RBLBank ready for breakout @in_tradingviewcan run on either side
wait for breakout
but above 360
sell below 330
Cup and Handle pattern - Handle formation going onPrice into perfect Cup and handle pattern. Currently price is making the handle, once done then if crosses the cup then size of the cup is the target.
RBL Bank: Chart view & strategyRBL Bank
Closing Price 190.65
- On daily charts the stock looks over-bought
- 158-168 may act as support levels
- resistance at 208-212 levels and above that 230
Given the chart setup one may consider buying on dips
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Alternatively, one may consider a Short strangle strategy for the stock
Consider selling RBL Bank
150 Put option ( Closing Price 6.65)
&
230 Call Option (Closing Price 9.25)
A combine Premium collection above 15 may considered
Lot size 2600
Max profit potential 2600*15 = Rs 39000 till 30 July expiry
Yield potential of 12.6% approximately on capital deployed
Loss in strategy if RBL Bank closes above 245 or below 135 on 30 July 2020
Take care & safe trading...!!!
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Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Buy RBL bank at CMP 190 for short term target of 275Hit like if you are agree or comment your view point.
RBL BANK SELLSELL WHEN THE STOCK AT RANGE 232 TO 235 SL 255
POSITIONALLY THE TARGETTS ARE 217/206/190/174/156
HOWEVER THE STOCK CAN REVERSE FROM 217 LEVELS ALSO FFOR TARGETS 206/190/174
RBL BANK Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
RBL Bank #flag formation#RBL Bank flag/Pennant formation watch after breakout or breakdown.....watch levels below 157 above 166
RBL Bank - Keep in watch listStudy:-
Seems a break out is going to happen. Volume is increasing. BUT RSI is on overbought zone.
Huge call writing in 200 so it will act as a resistance. Put writing is observed till 200 so probability is stock will go till 200 in short term then retrace back to selling zone or it might retrace first accumulate order and then again move up provided it closes above 100 DEMA
* This chart is only for educational purpose.
