RBL BANK LOOKS IN A CORRECTION LEVEL ALL MONTHLY, WEEKLY AND DAILY CHART PATTERNS. IT WILL MOST LIKELY TO BE COMING DOWN AND TOUCH 320 LEVEL AND GO UP IN UPWARD DIRECTION. I SUGGEST SHORTING THE STOCK FOR THE NEXT 2 SESSIONS.
RBL bank , one time hot favorite for the investors reminds me of the phrase rags to riches.
I have enlisted the various years in which the trend lines have been very helpful to ensure wise money management by fulfilling one of the 2 investment rationales
1. Buy Low, sell high (knowing the various trend lines helps to know where a low could be and where a...
If we stay above 345 level then this can be the possible scenario, first target should be achieved and if inverted h and s gets played then extended target are there as well but expecting so early that h and s will play wouldnot be a nice decision.
