RBL Bank Breakout for possible 90% upmoveRBL Bank has recently broken the long awaited trendline. Given the new highs in Bank sector, we might expect this instrument to move up.
Reasons for upmove:
- Breakout with volume in nearly 20 months
- Banking sector on the rise
- Have not recovered unlike other rival banks
Possible targets 270, 315 and 385 with stoploss not less than 185
R:R ratio is >10
Rblbankbreakout
RBL Bank - Bullish Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
RBLBANK LONG INTRADAY 22 JUN,2021Dear trader,
If u look at the chart of RBLBANK (analysis based intraday only) the RBLBANK Buy at 705 and Target at 685
Best Buy at
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
RBL BANK form Cup & Handle and Neckline#RBLBANK form the cup handle pattern on day chart and on 23 July form Neckline candle that showing bullishness and on 24 July stock form long green candle with High trade and delivery.
Showing Bullish result in Technical Parameter:
CCI is Treading UP
RSI is Treading UP
William %R is Treading UP
Stoch is Treading UP
Aggressive New Long
DI+ is above DI- and showing divergence
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Support : 171.30 and 161
Breakdown : 179.65
LTP : 182.90
Breakout : 185.70
Long Target : 190 and 198
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Neutral in weekly chart
3) bearish in Monthly chart
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)