Morning-Star-RBL-Bank-23Oct19

RBL Bank has formed a morning star after primary downtrend with good volumes.

However, the morning star has been formed after 3 days of downtrend hence there is some bit of doubt in this trade.

One can enter the trade with hedging to play safe.

Long position with Risk:Reward of 1:1

My confidence level on this trade set up is 55:45 (reward:risk)

RSI 35 and MACD shows connverhence of 26 and 12

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Stock Ticker – NSE: RBLBANK – RBL Bank Ltd. – FINANCIAL SERVICES
Bullish Trade plan:
Entry Level 270 Target 310 Stoploss 240
Analyst Rating – :3/5
View Posted on 2019-10-24