With weekly close above 190,RBL Bank is ready to jet towards 220

9 בינו׳ 2023

1. Near to 52week high
2. Broke out of rounding bottom formation at 160
3. With weekly close above 190 RBL ready to jet towards 220+ conservatively in no time. Ideally the complete depth of the rounding bottom which is 90points should be covered in the next leg of rally. It will take its own sweet time to cover complete 90 points rally.


Disclaimer:
1. Not a recommendation. Only to observe the pattern and to fine tune chart reading skills