RBLBANK trade ideas
RBL bank short strategySell below 551.55
Target 1- 545.55
Target 2- 538.45
Stop loss - previous day high
Enter Short in RBLBANK below 551Enter Short in RBLBANK below 551
T - 546, 541, 536 & 524
Sl- 561
Looks week below 550, Short Build-up seen in RBLBANK open interest.
RBL Bank Seems A Good Buy on Dips As Well !Dear All ,
RBL Bank Seems A Decent Bet for Playing Longs At Current price as well as On Dips ! After Completing A 5-Wave Correction , It has given Reversal with Positive Divergence with RSI .
It seems that Now It has Completed 1st Wave (Implusive) & 2nd (Corrective) . So We should start buying it above 565 Rs. !
Strategy :
Entry : Buy Above 565 Rs.
Targets : 580-600+ Rs.
SL : 540 Rs. (CLBS)
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
Shark Pattern in Making Bearish Shark Pattern is being formed on the daily chart of RBL Bank . Leg XA, AB & BC is already formed and leg CD is in formation. expecting to move towards 670 level , before start of downward movement.
Please add comments if you like the analysis.
Declaimer : it is for education purpose only.
RBL Bank Inside Bar Tradebuy if it breaks PDH with a stoploss at PDL
sell if it breaks PDL with a stoploss at PDH
in case of gap up or gap down, dont buy or sell respectively . follow ORB of first 5 minute candle
MyAlgo : xMRSI-Progresser: Intraday : 12Oct-RBLBANK-LongBased on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 12-Oct-2018 for RBLBANK
Buy Above(5Min candle close): 520.9 for targets -
T1: 524.8
T2: 527.2
T3: 529.6
SL: 516.7
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
RBL Bank 8 Oct 18Sell below weekly close of 488 for target of 442
Disclosure
1. No open position
2. Educational purpose only
RBL BankRBL bank based on friday news from SEBI - It looks like 463 is -50% fibo and 418 is 61.8%. Recent fall of DHFL and Yesbank. Don't be surprise if fall to 50% from current price.
