RBL 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.
This Stock has 3 Reasons for being on Long side
1) Break out from Triangle
2) Break out from NR4 & NR7 Range
3) HUGE Volume Support for Break out
One may buy half qty now and half if it comes down to retest the triangle support.
M&M has Broken a trend which it was taking support on since 2 months. The Break down is Volume supported. There are multiple support levels which are marked as Target, Ofcorse All targets may not be achieved, but On every target one may do their own analysis to decide whether to remain short for next target or Book Profits and Exit. Stop Loss is very Small giving...
