RBL Bat pattern B point breakout confirmed Price closed below the B point shows the clear bear trend continues up to D point. So price will fall in upcoming days and we can accumulate at D point. This is for educational purposes only.
RBLBANK trade ideas
RBL BuyExtreme Shark Pattern
Strongest
Reversal Expected - 192-194
SL - 188 DCB
Probable Target - 201.5,209,222
Look for reversal and price action in the range
Wedge pattern Breakout in RBL BANK (Monthly Chart) RBL Bank reached an ATH of 716.4 in May'19 and corrected approximately 90% to reach 74.15 in the month of June 2022. It then took support at lower trend line of the wedge and rose by 255% in 7 months i.e. till Jan'23. Since then the price has been hovering near the upper trend line (resistance) of the wedge.
Risky Traders Entry: Only above 176 (daily closing price)
Safe Traders Entry: above 180 (June month closing)
Stop Loss: 172.5 (daily closing basis)
Fundamentals:
Qtr Revenue grew 20% YoY and Qtr Net Profit grew 37% YoY.
declared Positive results for the last 7 consecutive quarters.
Highest ever revenue of Rs.3170 Cr and Highest ever profit of Rs.271 Cr.
Lowest NPA and Highest Credit to Deposit Ratio.
RBL Bank - Low Risk OpportunityCMP 235 on 28.07.24
The stock price has been traveling in a rising wedge pattern in the last months. This time, again at the lower levels of the wedge. A pink support line is to be noticed too. It has taken support on this line and bounced back 3-4 times. So it seems at multiple support this time.
In the last 2 sessions, the stock has shown some reversal signs with bigger volumes. MACD should also be considered.
If the pattern continues, we may see targets of 260/280/300 in the coming weeks.
Buy levels are between 235 and 225 in split quantity.
Please remember that if the price is sustained below the pink support line, it will bring weakness to the trade setup. One has to start thinking of an exit if trading below the pink line.
Always keep your risk management in your control. Plan some position sizing in these kinds of setups.
This illustration is only for learning and sharing purposes, not trading or investment advice in any form.
All the best.
RBL - BUY BUY BUYRBL BANK (LTP-268)
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RBLBANK changing trend.The stock is showing a pattern of change in trend, with a consistent upward movement characterized by traditional higher highs and higher lows. Compared to the previous movement dynamics, it now exhibits bullish behavior.
Basis of Analysis:
1. EMA Support Seeking (35 EMA):** The stock is finding support at the 35 EMA, indicating a significant level for the monthly timeframe.
2. Change in Market Structure:** There is a clear shift in the market structure from lower lows and lower highs to higher highs and higher lows.
3. Constant Volume Decline:** Typically, after a certain period of volume decline, there is an outburst of volume, which may signal a strong bullish movement.
Therefore, these factors suggest a potential bullish movement in the near future.
RBL BANK Rbl Bank (weekly)
Just trade the breakout & breakdown on symmetrical triangle pattern.
23% of fibonacci is acting as strong support & resistance as range shift or trend shift.
On breakout along with rsi 58 is another confirmation of momentum continuation
Regards,
Ankur Singh
RBLBANK Breakout?RBLBANK seems breaking out of daily parallel channel at the top. Other indicators seem to support this move. The results are likely to be very good. If they announce the appointment of new Chairman of repute, this stock should fly.
My Targets: 277-80, 300 short term
Stop Loss: Below 250
Disclaimer: This is for educational purposes only. Follow your own risk management.
RBL BANK - long for 15 %on weekly charts , price forming an inverted hammer
on daily charts , bullsih engulfing bar
target and SL maked
RBL BANK - Bullish Swing Reversal with VolumesNSE: RBLBANK is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 18% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
RBL Bank ready for bull run keep in radarready to break triangle pattern
volume rising along with rsi
adx in rise macd crossover also done shows strength in stock
RBL BankWait for breakout of this share than you can make position for long otherwise may be a less probability to move upward from its resistant. You can make a sell position from its resistance level of 275.
RBL Bank a Simple Price Action Analysis BullishNSE:RBLBANK after a downtrend was able to break an LH which is a Bullish Signal and standing on a Trap Zone. Hence the expectation is it will move up for the Long Term.
Entry: CMP: 266.55 | SL: 197.70 | 1st Target: 438.65 | 2nd Target: 716.40
Though Buy on Dips would be a better strategy.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
RBL Bank Wave Breakout | SWING TRADERbl bank Breakout. Daily time frame breakout
This Breakout base on wave theory
Smart buyers will enter here.
Sl Should be below 250
Note- only for education purpose
if Close than buy
Rules _for Advice
1 : Observed all Trend
2 : Entry above the level only
3 : High Low followed
4 : Indicator followed
5 : Waited for pattern Formation and Breakout Point
Please observe the snapshot in update Idea ...You will have batter view
RBL 1:8 RR trade set up1. Trend: Bullish
2. Set up: Rounding bottom pattern
3. First pull back after breakout
4. RR: 1:8 RR
5. 2 Years consolidation breakout
buy rblbankit has formed wolfwave pattern. we may see upside till 288-290 level. view negated below 238 closing basis
RBK Bank 15 M Range BreakoutNSE:RBLBANK
Rang Bound : 15 Min time Frame
A range-bound market is where a financial asset like a commodity, stock, or a currency pair remains in a relatively tight range. Here you can observe the range.
Bookish knowledge: Generally it goes to wards current trend.
Reality: It will go towards either side after range breakout or breakdown
Ideal entry : above 264
target: 270-274
Reverse is true in case of breakdown.
Note: Trader should not enter inside the range.
Stop loss should not be more than 2% as it will give you room to reenter at same level in future.
RBL Bank: Next possible targetsLooks like RBL Bank will try to test the following targets
Target 1: 218
Target2: 243
