RBLBANK trade ideas
RBL Bank RBL has given a good breakout after consolidation. Also It has crazy Q results.
Entry - above 223 or 213
Tgt - 243
SL - a( 215 if taken entry at 223 )
b( 208 if taken entry at 213)
Timeframe - 10 days to 15 days
-- DISCLAIMER --
I am not a financial advisor or SEBI registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock.
Happy trading.
Peace.
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 : "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