RBL
RBL
Time Frame – Weekly
Observations: -
* Symmetrical Triangle forming
* Taking support of weekly 200 SMA
* Consolidation & range formation between 660-800 zone (Breakout above 790-800 range)
* Weekly 200 SMA strong support (Red line)
* Taking trendline support also
* Dry volume
Resistance – 870 / 1010 / 1155 / 1300 / 1450
Support – weekly 200 SMA & 600 – 560 zone
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Time Frame – Weekly
Observations: -
* Symmetrical Triangle forming
* Taking support of weekly 200 SMA
* Consolidation & range formation between 660-800 zone (Breakout above 790-800 range)
* Weekly 200 SMA strong support (Red line)
* Taking trendline support also
* Dry volume
Resistance – 870 / 1010 / 1155 / 1300 / 1450
Support – weekly 200 SMA & 600 – 560 zone
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.