RBLBANK trade ideas
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+.
RBL BankLooking Bullish giving a breakout of CUP and Handle with adequate volume in Weekly time frame
Can move up to 250 levels easily if sustained 200 levels in Daily time frame.
Stop Loss 160-165 on closing basis
#Positional RBL Bank Trendline breakout with volumeRBL Bank has given positive breakout with decent volume , SL of 155 should be strict and can be added till 160.
205 near time huddle
NSE:RBLBANK
*Disclaimer: I am not a SEBI registered person, all the views are for study purpose.
RBL BANK LONG ABOVE 171, breakout seen today.RBL BANK levels for tomorrow, breakout was seen today!! Buy above 170 levels as per chart
HAHAHAH LET'S GO!!!!
RBL Bank Strong BuyIf bank nifty supports then RBL Bank is the first one to give triangle pattern breakout
RBL Bank Cup and HandleNSE:RBLBANK
Rbl Bank is forming a Cup since march and completed in July while the Handle is still in formation making a Cup and handle pattern to make a bullish breakout in future.
In 1 hour chart its making same combination of positive and bearish divergence with RSI twice signifying a bullish view in coming period.
In 1 hour chart the price is below 50 days Moving average and the long term MA has crossed above the short term MA implies it will fall more to complete the channel i.e.. the support line of handle.
it has successfully touched the 0.786 level of previsious bulish swing i.e.. 162 and will fall till 0.886 level -inverse Fibonacci retracement.
I can be 100% wrong.
Do your own analysis before trade.
Happy Trading.
