RBL BANKRbl bank can short on this level making head and shoulder pattern. short below 146. can have gud target on short term. chart looing on Daily TF very bearish
RBLBANK trade ideas
RBL BANK A consolidation is shown after breakout on monthly TF
brekout could lead to good rally in long term..
Rsi also has bullish divergence not to be considerd majorly but yes its seen.
Intraday study for Indian indices for 7th june 2023Hi
Good Morning
the us market is in good shape and hits the new high and also the nifty is around 1.5% to hits the all time high
we also have the expire tomorrow along with the RBI policy
the yesterday's session is about the consolidating
the axisbank hits the new high leading the banks
Now we talk about the Nifty and Banknifty:--
Nifty:--
the support is at 18500-18350 with the resistance near the all time high
Banknifty:--
the bank nifty may wait the levels of 43900-44100 support as we have a policy and after that we saw a huge swing
Sector and Stock Specific ( SSS ):--
i may go with the IT for the July series and banks for this because they are doing well
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here. I am not giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered
RBL BANK RBL BANK has shown a significant breakout by surpassing the key resistance levels, this development suggest a potentially bullish trend for the stock. Traders and investors may interpret this breach of resistance as a positive sign indicating a potential upward movement in price.
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
RBL - Bullish momentumRBL has broken the bearish channel pattern with a big green candle and expecting a good result for the quarter.
Entry will be good around 155 zones.
T1 - 170
T2 - 187
SL - 146
Daily and weekly BO candidate - Good RRPure technical candidate.
Follow Strict SL
PS : Only for learning purpose. Please consult your financial advisor before investing.
RBL BANK great reversal setup BULLISHNSE:RBLBANK
Stock showing good reversal , can give huge return if monthly RSI crosses 70.
can be invest at cmp.
invest at your own risk, this is just for educational purpose
RBLBANKRBL BANK - The BAT pattern
A daily close above Point B will invite a target till Point D!
Remember - if Point B is not closed, then it is also a very strong reversal point!!
RBL Bank : "W" Pattern...!All PSU Banks are coming Value Buying zone. RBL Bank on Daily TF wee can see that Stock has made volatility Divergence which was broken on this week. Stock Made "W" Pattern with volume support, and making strong momentum on Daily & Weekly Basis. Stock Closed above 20 Day MA. Which indicates stock is ready for upside.
Entry : CMP
SL : 160
Upside Move : 170,172
RBLBANK RBL Bank can now move to either side, it is better to keep moving in the overall market. if the trend is upward, we can try to take a position above @163 based on our setup. and if the trend is downward then plan to short below @160 based on our setup.
Entry:- Above @163 either below @160
Target:- 1:1 or 1:2
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 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
