RBl Bank - Double Bottom

21 Nis 2020

Please find my analysis for RBL Bank solely for Educational purpose-

Analysis :-
Perfect Double Bottom Formation - Downward price trend, Two valleys at absolutely same level, Peak within bottoms at around ~9%, Volume moving down from Left to Right
Confirmation - Above 133.25 but is a good bet at current stage

RSI and Stochoastic cleary showing Oversold trajectory.

Fibonocci Retracement levels indicate 133 and 149

Regards,
Aashish

22 Nis 2020

İşlem aktif

Just watch the stock fly.. Follow this trade for learning Double top and Technical indicators

23 Nis 2020

Not

Stock flying

27 Nis 2020

Not

RBL moving with Momentum..

28 Nis 2020

İşlem aktif

Next Target - 135 and 148

For Educational Purposes