Get started
NeeravYadav

RBL Bank, expected to see more red

Short
RBL BANK LTD (NSE:RBLBANK)  
NeeravYadav Updated   
NSE:RBLBANK   RBL BANK LTD
Trend Analysis Technical Indicators Wave Analysis RBLBANK elliottwaveforecasts short NIFTY BANKNIFTY wave5
1
0
trendanalysis indicator waveanalysis rblbank elliottwaveforecasts short nifty banknifty wave5
Given the current Impulsive progression to the downside, RBL Bank looks all set to make a move lower than 111 level as what looks to be Wave 5 in the progression.
Further on the move seems to be having support from the Indices which are themselves showing weakness.
Comment:
1H : Moves lower than 110, hence achieving the minimum downside target :
snapshot
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/

Video Course : 50eyes.com/elliott-wave-course

Author : Think with the Markets
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.