RBL BANK..done falling?RBL BANK is forming divergence.. some thing to watch for.. Bandhan bank had a collapse too but recovered down the line..
RBLBANK trade ideas
RBL Bank Bigger View - RBL is facing rejection from downtrend line from last some months.
- This trenline is always tested by the RBL Bank and rejected from there.
- This time if this trendline breakout and 2HR Candle close above it, than it's good opportunity for 30-50% movement.
We Don't Give 4 Line trades with Just Entry, SL, TP.
Go through analysis and than decide you should take it or not.
LONG OPPORTUNITY IN RBLBANKNSE:RBLBANK
Can be bought near 320 for a target of 375 and more. SL could be 290
RBL Bank :BullishRBL BANK:Multi Pattern confirmation."W" or Double bottom & Cup & Handle pattern.Looks like current retesting Breakout levels.
Target:380/410
View negated below 312 Closing basis.
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RBLBANKreffer chart this is 2nd sequential trade with trailing stop loss of 1st one
still option chain look bullish
RBL Bank1) Stock is at Resistance
2) Option chain in bullish going for long
3) 340 has resistance as per price action + Option chain analysis
4) look for bullish signs at green area with strict stop loss target 340
Perfect BUY for RBLBANKRBLBANK Buy at 337.1, Target 340.1
RBLBANK Buy at 337.1, Target 340.1
As per 4 hr chart for RBLBANK, Buy at 333.4, SL 318, Target 348.
sl 335.25 for day trading
RBLBANK ANALYSISOK SO I HAVE FAILED 2 TIMES TO ANALYSE THIS STOCK THIS IS 3RD TIME :) IT IS RESPECTING FLAG PATTERN KIND OF I WOULD SAY FOR SHORT SIDE IT MUST CLOSE BELOW 296.20 AS WE KNOW FOR A FRESH DOWNTREND WE NEED TWO LOWER HIGHS AND TWO LOWER LOWS NOW ALL THESE 4 ARE COMPLETED BUT FIFTH POINT AS I SAID 296.20 SHOULD BE MADE WHICH CONFIRMS DOWNTREND THEN TARGETS ARE GIVEN FOR SHORTS AND GO LONG IF CLOSES ABOVE UPPER TRENDLINE TARGET IS GIVEN MOST IMPORTANT THERE IS GAP AT 282.50 WHICH ACTS AS VERY BIG SUPPORT SUPPORT MANY TIMES THERE GOOD LUCK
NOTE: FOR EDUCATION ONLY
RBLBANK SHORT SETUPPREVIOUSLY I GAVE LONG IDEA NOW THE GAP HAS BEEN FILLED WHICH IS AT 283 NOW IT HAS TOUCHED UPPER CHANNEL LINE SO IT SHOULD COME DOWN TO LOWER CHANNEL LINE WHICH IS NOW TARGET 258 APPROX HERE IS MY LONG TARGET GIVEN YESTERDAY
NOTE: NOT AN ADVICE JUST FOR EDUCATION
RBL BANK LONG RBLBANK IS SHOWING BULLISH DIVERGENCE IN 1 DAY CHART WITH RSI once is closes above exponential moving average 5 that is 263.5 target is the gap as shown in chart with square that is 284 approx BUT 1 ST TARGET IS 270 2ND IS 277 AND FINAL ONE IS 284 STOP LOSS WILL BE 247
NOTE: FOR EDUCATION ONLY NO ADVICE GIVEN
