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NeeravYadav

RBL Bank, expected to see more red

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RBL BANK LTD (NSE:RBLBANK)  
NeeravYadav Diupdate   
NSE:RBLBANK   RBL BANK LTD
Trend Analysis Technical Indicators Wave Analysis RBLBANK elliottwaveforecasts short NIFTY BANKNIFTY wave5
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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.
Komentar:
1H : Moves lower than 110, hence achieving the minimum downside target :
snapshot
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