RBLBANK trade ideas
RBL BANK : 31 AUG 20 :WHAT ARE THE OPPORTUNITIES HERE?
SEE ALL MY PUBLICATIONS, IF IT SEEMS TO BE THE PROFIT RAINING THEN ONLY LIKE AND SHARE WITH YOUR NEAR AND DEARS.
1. DAILY HIGH IS AT UPPER B BAND.
2. BEAUTIFUL TRIANGLE FORMATION BETWEEN DAILY RESISTANCE AND HOURLY SUPPORT.
3. MEDIUM VOLATILITY IN LAST TRADING DAY.
4. 214 IS THE MAIN RESISTANCE AREA FOR DAILY CHART.
5. SELL BELOW 209 IS A JACKPOT.
MY SINCERE THANKS TO MY GURUS TRADING PANTHULU AND NAYAN POKARKAR
RBLBANK - WATCHLIST CANDIDATENSE:RBLBANK
THE WAY THIS SCRIPT HAS SEEN THE LONGS BEING ADDED, THE IMMEDIATE LEVELS TO WATCH OUT ARE 206, IF IT CLOSES AND SUSTAINS ABOVE 206, EXPECT A GOOD MOVE AND UPSIDE IN COMING DAYS
TARGETS CAN BE 220, 229, 239 & 248 FOR SHORT TERM
INTRADAY IT CAN GET TO 215 AND 220
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
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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RBL for the target of 215 in 4 to 5 sessionsRBL entered into perfect trend line with higher highs and higher lows.
SL could be 201
target 215.
RBLBANK CONSOLIDATIONRBLBANK continue to consolidate on daily basis. if it close above 194 on daily basis, it could rally upto 226-230 which is also acting as 200 DMA. observe the price action at consolidation channel. it is continued to trade at higher level of the channel, indicating likely break upside.
Not good with Flag Pole identification but this might be oneRBL Looks like in a flat pattern with diminishing volume
Looks potential FP, need to decide if I should FOMO or wait for the breakout and enter. Well I always keep a SL.
RBL Bank - Flag & Triangle Combo BreakoutRBL Bank has given a Break out after forming a Flag and a Triangle. Also NR4 & Inner Candles formed. Very Good Long Opportunity with very less Risk to Reward.
#RBLBankThe stock seems to be in a tight range for a while now. Might give some momemtum in coming weeks.
RBL Bank - Rectangle breakoutBuy above 195.5
Initial Target Pivot 205.5
A good portion of the body of candle should be above rectangle with a small wick on top.
Height of Rectangle is approximately 32 Rs.
So we can have a target of Rs 26 from breakout.
195.5 + 25 = 220 approx
218 will be safe to exit.
Also 229 is .618 for the fall 308 to 101
Volume need to increase.
Rsi 57
Stoch 76,68
Price is above 9 and 21 day EMA
Long termThe RBL Bank has recently been forming "Cup and Handle" pattern. However, in daily chart we find a bearish trend owing to the "Bearish Shark harmonic pattern" formation.
The RSI is moving towards support levels, and may move downward. Buy at 174.8. However, if the support level of 174.10 breaks and the chart is still bearish, buy at 166.5-168.95. For long the chart is bullish. Target 260+.
