RBL Bank Analysis | How to trade All time low stocks I daily make educational videos on Stocks and Index
The above video is based on a Price action study only
RBLBANK trade ideas
RBLBANKWe are currently in minor wave iii of wave C of wave Y, fall from 274 has become a complex correction, possibly a triple zigzag pattern, if wave Y is going to be equal to wave W then we can see 81.75, 58.85 and 40 levels too.
Overall wave counts on weekly chart
macd in monthly turned negative
macd in weekly negative
macd in daily also in negative
rsi in weekly down tick and below 40
price below lower bollinger of weekly
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I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Trade setup for 7th June 2022global marcket seems to be bullish however the indian market in consolidation phase. stocks recommened are #gallant and #RBL
Double bottom with W patternRblbank 108
has made weekly and monthly double bottom with W pattern
support breaks below 98 weekly closing basis
below 98-95 more pain in rblbank and one must need to exit
Getting ready to make NEW LOWSLast supports are getting ready to breach , Hopes are good but here ?
please refer to the chart.
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RBL Bank, expected to see more redGiven the current Impulsive progression to the downside, RBL Bank looks all set to make a move lower than 111 level as what looks to be Wave 5 in the progression.
Further on the move seems to be having support from the Indices which are themselves showing weakness.
Good to accumulateRBL is on the verge of breaking out of its weekly downtrend. If the trendline is boken, you can aim for the levels pointed out. I keep averaging out, so if thats not your style, keep stop loss at 110.
RBLBANK - Weak stock in bearish market. Support BreakdownRBLBANK is testing 122-120 zone again & again. Below 122/120 this is very weak and can go to 2 year low levels.
Entry @ below 122
Safe trader @ below 120
Can be carried positionally if closes below 120
Thanks
Piyush Gupta
Learn & Earn
Low risk set up ✌✌✌This scrip has choosen for Low risk set up as it is lies on demand zone. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
RBLBANK: Is the stock heading towards 2 Digits?#RBLBANK
1. Bearish on All Time Frames.
2. Rounding Top on Monthly Time Frame. Stock looks all set to retest the Covid Low of 105.
3. 117-105 levels will also act as major support and can be good buying opportunity if 105 is saved on Monthly Closing Basis to again reclaim 175/225+ levels.
4. Monthly Closing below 105 will lead stock to Two Digits and new All Time Lows, thus becomes an automatic SL for Investors.
5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.
RBL BankBuy @ 130 - 140
Stop Loss @ 105
Upside Target @ 175 then 210
Technical:- On the weekly chart there is a double bottom chart pattern formed and there are 15 months of consolidation. So if this range breaks in the upper side then stock shoot up like anything.
Disclaimer:- Dear trader and investor, before taking any position do your own analysis and consult your financial advisor.
Can RBL bank touch 4 digitThose who can take risk buy RBL bank at 140 levels long term targets ATH and four digit
RBLBANK : Nice BUY setup My wave analysis suggest a nice buy setup, a conservative approach to enter.
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Will update if possible here..
Happy trading.
RBLBank RBLBank CMP 137
Breakout in the trendline
Also Closing above 136.5
Showing 1st sign of bullishness
Also trend reversal candle can be seen
Looking good as long as it holds 132 levels
Chart is for study purpose only!!!
Bullish Divergence !!!The stock consolidating inn tight range for long time, and also breaks trend line.
Wait price to break 140 level.
We clearly see bullish divergence in RSI.
This is only educational purpose.
Rbl Bank LongRbl Bank is at significant Low.
Good to buy for Short to long term Trading for the Target of 182 / 300.
Need a strong weekly close above the Accumulation / Distribution zone shown in chart for higher targets for long term investment.
Stop-loss will be based on weekly close below 100., below that it can be another yes bank.
RBL bankRBL bank forming a bullish Bat Pattern, and also the RSI indicates bullish divergence this is positive sign for the pattern.
Rbl Bank LimitedRSI divergence in Rbl Bank Limited. Today's price action may be beginning of reversal.
Rbl BankRbl Bank forming Double bottom and if now ukraine and russia dispute get resolved it can give good RRR
