RBL Bank wave 3 started target of 1 & 1.618 extensionweekly chart showing bullish divergence and support at 0.618 signalling upcoming rally!!!target of around 1 & 1.618.
RBLBANK trade ideas
Short with 1 % risk and Reward of 1:3Short with 1 % risk and Reward of 1:3
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#RBLBANK Weekly Head & shoulders pattern. Shortbuildup candidate#RBLBANK Weekly Head & shoulders pattern. Shortbuildup candidate
RBL bank closing above 165 needed A close above 165 will take the stock to 205 levels. keep it in radar
RBL Breakout Buy
RBL breakout formation on 15 minute chart, with stochastic confirmation.
Levels on the chart
Buy RBL above 183, SL 178 , Target 193-198-200
rbl bank at support155 is a strong support zone for rblbank, since last march 2020 it has been tested multiple times. keeping a stop loss there a long can be initiated for target 175.
many possibilities but some are Likely.Rbl bank in past 6 months has been very peculiar , rising with deterating asset quality. So as the chart says , Rbl is very likely to test its last double top ressistance range which was seen just after 2020 crash. That place will be a good place for buy scalp for 10 points.until then selling looks like a viable option. once it reches 138-143 range looking for a position to buy would be smart but only for very short gains as bears will try to retest bulls again so formation of a W-pattern is very likely.
Bearish Trend to followRBL Bank has formed a Head and Shoulder pattern in a long run. Maybe now the stock can be seen following a bearish trend.
Long Term investors, be careful in your buying/shorting decisions.
let us trust rblbank uptrend this timeuse strict stoploss and refer chart for a clear understanding.
rbl bank buy ideaas we can see rbl bank is bottomed at a harmonic levels and creating a bat pattern. so for long term traders stoploss should be 170 with a target of 200.
RBL BANK BREAKOUT FROM THE DOWNWARD SLOPING TRENDLINE WITH HIGH VOLUMES. HAS TAKEN SUPPORT OF 0.618 RETRACEMENT LEVELS FROM HIGH.
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.
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Banking stocks in momentumBanking stocks are in momentum and RBL Bank Fut looks strong at 218.45 and could give breakout at channel. Stop loss on the downside can be at 23 DSMA.
Positional Call: Buy RBLBANK fut near 218 tgt 231 sl 211
RBLBANKIF YOU BENEFIT FROM THIS, DO SHARE FEEDBACK AND LOVE
RBL BANK if you find near the drawn support grab it for targets of 220, and if it does sustain 220, let 230 be coming soon on the charts
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1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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