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Sideways

RBL - waiting for direction RBL bank , one time hot favorite for the investors reminds me of the phrase rags to riches. I have enlisted the various years in which the trend lines have been very helpful to ensure wise money management by fulfilling one of the 2 investment rationales 1. Buy Low, sell high (knowing the various trend lines helps to know where a low could be and where a potential high could be) 2. Cut your losses if the trend has changed and be wise to relook at your strategy. They don’t say for nothing that Cash is King In the year 2020, price has largely moved within the price range of 310 to 390 A close above 2019 resistance line of 413.90 may give us some sign of potential change in current trend which seems to be sideways. Will be posting more notes on this in a later chart too Keep looking for more. Please share a thumbs up if you like what you see and you could also share your comments in the section below
NSE:RBLBANK
by LoveForCharts
EURUSD-Weekly Market Analysis-Dec19,Wk2The bullish bat pattern is still valid, if the market head down and retest the entry price, I will engage a long trade after candle confirmation. If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target reach, I will shift stops to entry and keep the winner, therefore event market didn't expand, I'm ok with it too. Because once market reaches the 1st target I will have no downside, only upside.
Long
by RaynLim
GBPCHF out of a 5-week congestion period!GBPCHF seems to have the necessary strength to get out of a 5-week congestion phase. that is quite unusual for such a volatile currency pair. Buyers seem to push the price higher, already attempting once to break the resistance formed by the sideways trend. Bad news is that the price is currently also forming lower highs, showing a very tight pennant on the chart. In this case, we need to have a second confirmation by buyers, so we will wait for a stronger action that would push the price out of the long term sideways trend and the short term pennant.
Long
by FedericoSellitti
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