RBL bank moving towards resistanceBuy above @ 188
Stop loss @ 185
Targets can be arround 189 / 190/ ++
RBLBANK trade ideas
RBL Bank LongRBL Bank Long
Target: 237, SL: 154, RR ratio: 1.79
Only for educational purpose, not a recommendation to buy.
RBL BANKBUYING HAPPENED with huge VOLUME
One can initiate long here or on breaking of TRENDLINE with SL@ EMA 13.
rblit is a cup with handle handle ..... plss maintain stoploss of 150 ...if it break 150 ... i will post another chart for it
RBLBANK, PERFECT EXAMPLE OF 6 FACTOR CONFLUENCE (CHART# 298)RBLBANK is forming multi factor confluence for multiple Trend lines along with Cup & Handle pattern which shows bullish nature post breakout zone of 188-190.
Immediate Breakout stands at 188 but safe traders should wait for 190 levels where true breakout from all the below factors will be reached.
1. Cup & Handle Pattern (Yellow)
2. Blue TL running since May' 19 (Long Term)
3. Yellow TL running since Feb' 20 (Mid Term)
4. Pink Horizontal Support Line
5. White TL since June'20 (Short Term)
6. Good Volume
Setup looks good for intraday but as some of these TL are running since long time, this can be positional as well provided NIFTY trend is also bullish. Currently I am not confident of NIFTY as 11100-11150 is strong resistance zone,
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Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
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Handle formed - wait for breakCup and handle formation - Wait for the price to break the cup and enter for the bigger target.
Inverted Head and Shoulder Pattern will be waiting in RBL BankIn 15 min candle time frame there was a two pattern clearly shown 1) Saucer and 2) Ascending Triangle Pattern in two trading day, there will be a chance to touch the neckline contributed to the formation of Inverted Head and shoulder Pattern.
RBL bank RSI diversion with hammerlong above today's high with 162 as sl for 170/173/177
above 174 is gap zone
RBL BANKRBL BANK, is showing a bullish momentum till now
BUY at arrow and SELL as it touches the upper trend line, if it crosses the trend-line then wait you could have more profits to come dont sell till 230/- clear cut it level, why 230/- levels because RBL BANK too much sold by the BIG PLAYERS in the market but it also seems that they are again get interest in this particular stock might be the reason that RBL BANK fundamentals 230/- its clear cut level and it will touch it in the coming september if it broke the levels if dont then a short term down trend till < 160-162 >
buying at 160-162 will be profitable if its not breaking its lower trendline plz keep in mind before taking the trade
for intraday levels 170-180 for tomorrow
"RBL Bank-short"on 21-jul-2020 it may go down and touches 71.55 level.
it is advised only for education purpose
RBL BANK Breakout RetestUnderstanding the market structure is an key element in Technical analysis.
Rbl Bank has made this Head and shoulder pattern at a key level which is marked as black Horizontal line.
Once it broke both the area
Which is same in this case
Give us double confirmation to go long
In case if someone miss the breakout entry and who are not aggressive trader they can enter at the Retest!
If you want to learn more price action strategies and setup live with us
Do contact us!
[Positional] RBL BankAfter falling for consecutive 6 days, a bullish pin bar was seen, which clearly suggested that price is getting rejected from bottom.
Today it closed above the pinbar which suggests a reversal with bullishness in Banknifty.
If banknifty supports RBLbank can reach target within a week.
Once entry is done and in profit, better to hedge with 180 CE sell to maximize profit and hedge against your view.
With this hedge the protection will be till 163 as 180 CE is currently at 7.55
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
RBLBANK - INTRADAY - LONG (17 jULY 2020)NSE:RBLBANK
(For Learning Purpose Only)
TIME FRAME - DAY
Price in Phase 1 ( Accumulation)
Test of supply completed
Price above DC
TIME FRAME - 15 MIN
In correction phase
Volume supporting price action
Price either open gap down @ 161 or price go down till 161 before moving up to 171
RBLBANK may slip to 153.Bat pattern observed in rbl bank
may slip to 153 zone.
which is prz zone.
however one can buy at that price only observing reversal signals.
RBLBANK SHORTRBL BANK consolidating in descending triangle pattern. expecting a breakdown if banknifty falls
short below 162.70
Rbl Bnak for IntradayIf Bank Nifty Continue the Fall
Rbl Bank will not be an exception!
Keep an eye!
Today it could be a great trade!
