RBL BANK SHORT TO MEDIUM TERM VIEW (HEAD & SOLDER PATTERN)RBL BANK Short to Medium Term View .
This View is for Short to Medium term only and is purely based on technical analysis and is for educational purposes.
RBLBANK trade ideas
RBLBANK Sell for intraday tradingRBLBANK Sell for intraday trading if stock breaks the given support level...........
RBL BANKWeekly chart of RBL BANK in this chart it breaks trendline Resistance overall a bullish view for short to long term if it cross 190 then possibilities it can goes to 220 level it also depends on fundamentally and technically pattern of of this stock.
RBLBANK - Bullish Engulfing Reversal NSE: RBLBANK is closing with a strong bullish engulfing reversal candle.
Today's candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
RBLBANK Round BottomAbove @ 166 level will touch @ 225 and @ 274
round pattern form and also PSU bank doing well will effected.
RBL Bank Last Few month RBL Bank at good Move , Its trying to form Invented head and Shoulder at Weekly Chart Right formation to be form shoulder , Now its in resistance , Let wait for Gap filling
Once sustain, Then we can conform as a uptrend , chart only for knowledge sharing
RBL Bank Long Call RBL Bank broke major resistance level and started moving towards upside, with good risk reward ratio.
#RBLBANL ready to flyRBLBANK is nearing a cluster of resistances and is ready for a 33% upmove if sustains above
RBL BankRBL bank sell rise.
The result of this quarter is less than june quarter.
INR VS USD at life time low.
November month sell rise.
RBL Bank Trading Opportunity# closing at almost day's high
# closing above 3 drwan resistance after being rejected many time in last 6-7 days
# Banking sector in general going up
# profit booking after Aug month move seems done.
# long at 117, SL at 113, target 1:3 129
RBL BANK CHARTRBL bank will more fall may it will come at 107 level... but there is rare chance that it can go up.
long breakout positional stock has given trendline breakout with good volumes seen , stock looks very positive
RBL Bank Trading Opportunity# The stock is witnessing strength along with bank nifty
# The stock did only 38% retracement of the recent move from 81 to 96 before Q1 result and has crossed the high made before result.
# post result selling was on higher volume and today's outperformance suggesting relative strength and continuation of upmove.
# Fundamentally the market reacted post the announcement of new PSU bank CEO fearing massive increase in NPA which did not happen in Q1 result.
# Both microfinance and credit card business is expected to improve from here on along with wholesale business. The bank doesn't need to raise capital due to sufficient CAR.
# immediate resistance could be visible around 100 level but the stock should eventually reach 115 level (level seen prior to new CEO)
# At 96 a long position with SL at 89.9 and a tgt of 115 results in a RR of 1:3.
RBL BANKRBL bank is soon the edge, close below 100 there is no end in sight. trading below SMA 200. self explanatory chart.
IS it Worth Buying RBL Shares in 2022 ?? Click to ReadRBL 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
RBL BANK - READY FOR WAVE 3 - ELLIOT WAVEAfter a lot of consolidation, RBL BANK has formed wave 1 and 2. Now ready for a fresh start.
(LONGTERM)
-Definitely not SEBI - Registered. So, this is only for educational purpose.
RBLBANK WEEKLY Bullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
