RBLBANK trade ideas
RBL BANK RBL bank has given breakout after a long time buy for 250 and 300 target for short term nifty and bank nifty showing cautious stance so keep strict sl of 200 but breakout at weekly time frame shows it will rise high
RBL may breakout from falling wedge or or breakdown trendlineRBL may breakout from falling wedge or or breakdown trendline
GOOD TRADE IN RBL BANKobserved a compression pattern in RBL bank and can be good trade
note: just a view trade at your own risk.
RBL Bank Long IdeaRBL Bank Long Position Idea. Nice Cup n Handle formation can be seen. Breakout did not see major volumes, so ideal to wait for a high volume day before entering the trade.
Enter above 220-221
T1 : 277
T2 : 326
SL : 208 ( Just below 200 DEMA)
Thanks!
nifty analysis and short term stock ideasnifty is going to consolidate in 300 points zone.
stock ideas for short which may give 5-10% return with low risk
RBLBANK: Positional Buy Trade SetupNSE:RBLBANK
Hi Traders,
RBLBANK trade setup and entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
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#RBLBANK WEEKLY CHART VIEW!!#RBLBANK WEEKLY CHART VIEW!!
RBL Bank Ltd. made a retest after making a pullback to the breakout area.
Likely to stay positive till the stock holds 217-222 zone.
Technical parameters look neutral to positive as of now.
Likely to see further strength above 236 level.
Keep a watch!!
RBL Bank showing promising Up side move by crossing 200 EMARBL bank was trading within consolidation patch for a long term and now price has broke out resistance zone and crossed 200 EMA and taking support at this level.
Steady financial results of Q2 and fresh capital infusion can give required impetus to stock price in December'20.
Buy Range: 220 to 230
Holding Period : Till 31 Dec 2020
Target: T1 260 | T2 295
Stop Loss: 200
Short Term! Looks Good ! RBL BankBank May Fire to noted target as it gave price volume break out !!!
BUY ONLY ON BREAK OF TRENDLINE CLOSING BASEDTARGETS POSITIONAL GIVEN WITH STOP AS PER COMFORT
TO ENTER ONLY ON BREAK AND CLOSE ABOVE TREND LINE ON CLOSING BASIS.
disclaimer - refer this chart <> trade on your setup
#RBLBANK WEEKLY CHART VIEW!!#RBLBANK WEEKLY CHART VIEW!!
RBL Bank Ltd. is consolidating in an Ascending Triangle pattern in the weekly chart and is likely to see short term breakout above swing high of 223 level.
Probable resistance post breakout comes at 255 level.
Keep a watch.
RBL Bank This is just the follow up chart of what I posted in the last week. We can see a breakout in weekly time frame.
