#RBLBANK CASH: LOOKS GOOD ABOVE 676#RBLBANK CASH
14 APRIL 2019
LOOKS GOOD ABOVE 676
STOPLOSS 669
TARGET 684/690/698
CMP 670.90
RBLBANK trade ideas
SHORT TERM || SELL || RBL BANK WITH SL of 701Sell RBLBANK on rise with SL of 701 and targets of 640/620 in the days to come. It would be a wise idea to book profits on Longs.
BullishVery strong support at 600. Intermediate long term target 900 or higher, no major resistance in between
Short RBL Bank Positional.After a sustained uptrend, falling RSI with a doji formation on hourly charts, subsequent bearish engulphing candle shows early signs of trend reversal. MACD showing a bearish crossover. Volumes also have dropped a lot. It may be a sign of trend reversal. Good to short it using option spreads with no credit no debit strategy ensuring minimal losses with decent profit. RSI is also falling. Instead of nacked shorting good to use option spreads. Expected target 663/650/628.
+1x 680 PE = 21.45, -1x 660 PE = 13.35, -1x 650 PE = 9.6, -1x 760 CE = 3.30
RBL Bank BreakoutBuy RBL Bank with a stop loss at 622. ADX is extremely bullish (above 40) and it has broken out decisively above 652.
Sell RBL BANKStrong resistance at 644
EMA crossover
Sell if crosses below 628
TGT 1 - 615
TGT 2 - 593
SL - 654
[Positional] Short RBL BankAs per the charts! Just short it.
Short 660 CE at 3.15
Short 640 CE at 7.25
RBLBANK Outside Bar TradeRBLBANK made an outside bar but we can clearly see stock is rejecting 660 levels so we will avoid long side if PDH breaks . if PDL breaks then we sell with stop loss at PDH.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
buy on dips rbl bankone dip towards 615-10 band is possible buy there with sl below 590 for tgt of 710 first and 750 second
RBL bank sees trend reversal, Short after 625A pullback might happen @625, Wait for it. Then you can take a short after 625. Potential move upto 600 with.
RBLBank_RSI Overbought Zone & Resistance levelRBLBank is at overbought zone and near resistance level (& double top resistance), stock felt down more than 200 points last time when the RSI near 80, will the history repeat once again or break the old record?
Short RBL Bank PositionalRBL bank after a sustained upmove showing price rejection from top. Looks good to short at 622 with SL# 640 for a positional target of 598/588
