HEAD AND SHOULDER PATTERN IN RBL BANKRBL Bank has reached a crucial price level. There is formation of head and shoulder pattern. Wait for break down or bounce back.
RBLBANK trade ideas
RBLBANK in support zoneRBLBANK went down after the results update. It is now in a support zone on daily chart. One can average here or take a long position with a closing based stoploss below the support zone.
Simple Trade Setup| RBLBANK | 23-08-2021| Will it give reversal?NSE:RBLBANK
Observations:
1) On daily time frame it has come to the critical zone. From it may reverse or on breakdown of it, it will go down. But my personal view is that it will give revesal.
Please refer Chart below: daily time frame.
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Trade Setup for Date 23-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
5) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
For Positional Buy trade only take entry once it give closing above 165 level on daily time frame and target will be 200 in short term.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
[ INTRADAY ] RBLBANK SHORT BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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RBL BanK At important levels Everything is mentioned on charts , Buy above on day closing basis , check for volume
Very small stop lose
RBL Triangle Pattern at Support tradeNSE:RBLBANK Levels are Mentioned in the chart... Good for swing..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
RBL Bank AnalysisRBL Bank, Buy when touches red line, sell if closing 1 or 1.5% below red line.
if price closes above green line, buy for long
rblbank this is good setup because forming a triangle pattern and taking good support
with a small stop loss we can bet on it
RBL BANK TREND REVERSALenjoy the reversal
rbl may fly 50 percent
double bottom formation on the way
enjoy the up move rally
rbl bank chart analysisrbl bank chart analysis for intraday and swing trading . stocks near support line good time to buy
Head & Shoulder Pattern in RBL BANKWatch for breakdown
1) If RBL breaks the neckline then 168.2 could be the intraday target.
2) After it breaks the 38% fib level, then 142.75 could be the Swing target
#RBLBANK next bullish harmonicRbl Bank PRZ -175-173.
Sl Below 165 (Candle Closing Basis)
Target 190- 195- 200- 205- 215- 220-226-240-250+
RBL bank - Bearish Head & Shoulder RBL bank has formed a Bearish H&S pattern. Neckline breakdown would confirm further fall from here.
buy Rbl bankit has formed bullish shark harmonic pattern. we may see retracement till 0.38%-0.50% of point CD
RBL bank - buy on dipsBuy from 175.5 to 173.3
easy tg - 192
tg2 - 199
Disclaimer : This is my personal analysis for study purpose not intended for trading
Rbl Bank Daily Chart Cmp 182 Buy @ 170-180 Sl Below 165 (CandRbl Bank Daily Chart Cmp 182
Buy @ 170-180
Sl Below 165 (Candle Closing Basis)
Target 190- 195- 200- 205- 215- 220-226-240-250+
RBL BANK MAKING AN INVERTED ROUNDING BOTTOM CHART PATTERNIts making the above chart pattern and may face a support zone around 177.
Keep a sharp lookout for a reversal in the near term.
RBL BANKFuture buy when spot goes to 190, (02-08-21)
Result impact,
according to previous data, if stock continuously falls before result then after result it must go up
Target 213
BUY RBLBANKSimple price action with study of volume gives idea of future movement which is explained on chart.
Support zone - 206 - 197
Entry - 215-216
SL - 194.95,( Closing)
Target - 268,340
Risk/Reward - 1:6+
Above analysis is for study purpose..
Like and comment if you agree with my idea..
RBL BANK ANALYSIS 02.08.2021BUY : 193 TO 185
TARGET : 270 TO 377
Reason For Buying This Script :
It is forming triangle pattern in monthly time frame & now it is waiting for break out.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
