RBL BANK LTDLong
IS it Worth Buying RBL Shares in 2022 ?? Click to Read
RBL Bank after correcting by >50% in last 6 months, may give a bounce.
By Looking at Charts & its Structure, it seems that RBL Bank may ‘Fill the Gap” which formed in dec -2021 at around Rs.171, in next 10–12 weeks.
Also, Stock has formed “Double bottom” Pattern ( or W Pattern ) on weekly Charts, which is Bullish in nature, & Stock is on Verge of breaking Trendline and Pattern Target indicates, Stock can easily give 100% return from CURRENT level.
This seems achievable only if Price Stays above Rs.100 /- on Weekly Closing, If stocks closes below Rs.100/-, then all hell will break loose, one should Exit the stock ( or can SHORT for Lower Levels ).
P.S: For Academic purpose
#investing #investment #share #Ichimoku #chikoutrader #RBLBank
By Looking at Charts & its Structure, it seems that RBL Bank may ‘Fill the Gap” which formed in dec -2021 at around Rs.171, in next 10–12 weeks.
Also, Stock has formed “Double bottom” Pattern ( or W Pattern ) on weekly Charts, which is Bullish in nature, & Stock is on Verge of breaking Trendline and Pattern Target indicates, Stock can easily give 100% return from CURRENT level.
This seems achievable only if Price Stays above Rs.100 /- on Weekly Closing, If stocks closes below Rs.100/-, then all hell will break loose, one should Exit the stock ( or can SHORT for Lower Levels ).
P.S: For Academic purpose
#investing #investment #share #Ichimoku #chikoutrader #RBLBank
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