RBL BANK - Sideways to bearish journey ahead
As we can see stock doing sideways journey from past quarter between 160 - 180
Finally trend line has also been broken recently
Now at this point it seems that stock will resist one final time at previous resistance area of 178 - 180
If happens so, it may also try to give a pull back till the trend line or previous support area of 158 - 160
Post that it may trend upside again
Lower time frame confirmation is compulsory for trade
Trade Cautiously !
Finally trend line has also been broken recently
Now at this point it seems that stock will resist one final time at previous resistance area of 178 - 180
If happens so, it may also try to give a pull back till the trend line or previous support area of 158 - 160
Post that it may trend upside again
Lower time frame confirmation is compulsory for trade
Trade Cautiously !
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