#RBLBANK CASH : ASCENDING TRAINGLE BREAKOUT #RBLBANK CASH
21 JAN 2019
ASCENDING TRANGLE BREAKOUT ABOVE 600 FOR 624/648
STRONG RESISTANCE 600
CMP 580
RBLBANK trade ideas
# RBL BANK - SYMMETRIC TRIANGLE PATTERNIT CAN BREAK THE CHANNEL IN COMING DAYS EITHER UP OR DOWN SIDE.
* BUY ABOVE 580 FOR THE TARGET OF 590/597/609 WITH SL OF 570.
* SELL BELLOW 570 FOR THE TARGET OF 560/553/540 WITH SL OF 580.
RBL bank short strategySell below 551.55
Target 1- 545.55
Target 2- 538.45
Stop loss - previous day high
Enter Short in RBLBANK below 551Enter Short in RBLBANK below 551
T - 546, 541, 536 & 524
Sl- 561
Looks week below 550, Short Build-up seen in RBLBANK open interest.
RBL Bank Seems A Good Buy on Dips As Well !Dear All ,
RBL Bank Seems A Decent Bet for Playing Longs At Current price as well as On Dips ! After Completing A 5-Wave Correction , It has given Reversal with Positive Divergence with RSI .
It seems that Now It has Completed 1st Wave (Implusive) & 2nd (Corrective) . So We should start buying it above 565 Rs. !
Strategy :
Entry : Buy Above 565 Rs.
Targets : 580-600+ Rs.
SL : 540 Rs. (CLBS)
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
Shark Pattern in Making Bearish Shark Pattern is being formed on the daily chart of RBL Bank . Leg XA, AB & BC is already formed and leg CD is in formation. expecting to move towards 670 level , before start of downward movement.
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Declaimer : it is for education purpose only.
