Same as Banknifty, RBL bank is making an positive divergence on one hour interval. It also brokeup small trend on upside. There are chances that it may breakout 1 hour trend line in coming days. keep this stock in a watchlist.
I will update my post, when a confirm trend started to form in RBL bank.
Banknifty Chart Analysis - 27 July 2019
After a one week continuous fall, Banknifty started to show some signals for making positions on buy side.
First it has broken a downward trend line of 4 hour, now breaking a trend line even for 1 hour chart. Rsi is also showing a divergence on one hour chart, which means a upward trend is near.
Another signal for buy...
Tataelaxi was falling down from the last few weeks. Then gave a breakout and started consolidating. Now, it is making n triangular type pattern. Breakout to any upward or downward side give very good opportunity to either short or long for huge profit.