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RBL Bank

24 Jul 202008:19 AM

RBL completed wave 2 in a clear a-b-c down and started making higher highs. Today it pushed the daily momentum into buy mode. I am presuming that wave 3 started as it also closed above the 20dma. The next 3 immediate resistance levels are 190.30, 198.10 and the wave 1 high of 206.35. With the support at the minor wave ii low of 171.80 we are looking at a third wave where 3=1 is at 309.

rbl 240720

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