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RBL Bank

15 Feb 202107:15 AM

RBL Bank shows a minor wave iii starting, where iii=i is at 306. Over all the move higher should be wave 3 of 3. Wave 2 was a broad complex correction between Dec and Jan. At a larger degree wave 3 will be equal to wave 1 closer to 370. The 20dma near 240 is the short term support and as long as we are closing above that I believe that the trend is positive.

The 20dma near 240 is the short term support and as long as we are closing above that I believe that the trend is positive.

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