The trend is positive
RBL Bank CMP 201.2
The complex correction in the counter has just delayed the bull run in this counter. In my view it is all set to move north.
Elliott- The rally from the lows has impulse waves which means the bull trend has started. In my view the complex correction is done .
Fib- the 190 is a confluence zone and hence a strong support.
RSI-+ve divergence on the weekly chart is confirming the reversal
Volume- thats accumulation.
Conclusion - its definitely an opportunity.
The complex correction in the counter has just delayed the bull run in this counter. In my view it is all set to move north.
Elliott- The rally from the lows has impulse waves which means the bull trend has started. In my view the complex correction is done .
Fib- the 190 is a confluence zone and hence a strong support.
RSI-+ve divergence on the weekly chart is confirming the reversal
Volume- thats accumulation.
Conclusion - its definitely an opportunity.
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