RBLBANK trade ideas
RBL BankRBL has touched it Resistance again and it is at trend line support. If it breaks trend Line then take short position.
RBLBANK S/R_ W.D.60mSupport and resistance of RBLBANK on weekly basis, daily basis and 1 hour basis.
RBLBANK Long Setup RBLBANK looks good to test the levels of 160 and 180 after gapping up and closing above the double bottom neckline with good volumes.
SL 100
Buy @115 stoploss 110 target 125-140Simple Rules applied
first low 101.60
second Low 101.70
third low 104
and crossed the 115 highest picks of which has the most volume.
Rules called it is inverse Head and shoulder breakout it will work up to 125-140
General Trend is negative but there is huge psychological support near 100 and it is taking support again and again
So it might be a good candidate for short-covering in last expiry week Deal with call put
Buy RBLBank Call of 100@19 stop-loss 10 targets 30-40
RBl Bank - Double BottomPlease find my analysis for RBL Bank solely for Educational purpose-
Analysis :-
Perfect Double Bottom Formation - Downward price trend, Two valleys at absolutely same level, Peak within bottoms at around ~9%, Volume moving down from Left to Right
Confirmation - Above 133.25 but is a good bet at current stage
RSI and Stochoastic cleary showing Oversold trajectory.
Fibonocci Retracement levels indicate 133 and 149
Regards,
Aashish
RBL BANK SHORT SELLINGI HAVE BEEN ANALYZING RBL BANK FOR LONG AND NOW IT HAS BRAKED IT'S TRENDINESS.
TARGETS ARE 115 AND THEN 105 IF BREAKS 105 . THERE IS NO STOPING
