RBLBANK trade ideas
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.
Flag pattern - RBLBANKHello Friends,
Flag pattern on daily time with good inner flag pattern breakouts...
Entry 180-175 SL 160 target 250
Regards,
Satish
RBL BANK form Cup & Handle and Neckline#RBLBANK form the cup handle pattern on day chart and on 23 July form Neckline candle that showing bullishness and on 24 July stock form long green candle with High trade and delivery.
Showing Bullish result in Technical Parameter:
CCI is Treading UP
RSI is Treading UP
William %R is Treading UP
Stoch is Treading UP
Aggressive New Long
DI+ is above DI- and showing divergence
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Support : 171.30 and 161
Breakdown : 179.65
LTP : 182.90
Breakout : 185.70
Long Target : 190 and 198
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Neutral in weekly chart
3) bearish in Monthly chart
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
SHORT RBL SHORT TERM 183 TO 187 SL 188 TRG 177 ,170SHORT RBL SHORT TERM 183 TO 187 SL 188 TRG 177 ,170
RBL bank from 22 July 2020The stocks has given a breakout before ..-> taken support at 171 level -- again ... expecting a good upside movement
from now ... multiple targets has been given
Targets : 175 -> 177 -> 179 -> 181
Strategy:
1 Put Spread : Sell 165 PE + Buy 145 PE ==> breakeven 161.5
2. Straddle : Sell 175PE + Sell 175CE ==> breakeven 156-194
RBL Bank - Breakdown or will bounce ?NSE:RBLBANK has currently been rejected at the supplyzone.
However, one may short aggressively on the break of uptrend channel.
plan your trade on RBL bankmay this is good time to buy it.
it will go upside according to chart pattern.
Rest thing depends on market mood.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking any Decision.
I am not SEBI Registered Financial Advisor.
Tech Analysis Rbl BankBank nifty is bearish now. Support has been created by past couple of weeks has been broken today. Take long position once broke the reisitance.
