RBL Bank after trading in a side ways channel pattern has seen breakout with formation of Inverse Head and Shoulder pattern. The stock had been trading in the range of 450 - 600 since more then a year. The stock has witnessed a breakout with high volumes and strong momentum. One can go long on this counter with Target of 570/580/592, Keeping stop loss at 535 (Closing basis).
RBL Bank Future Lot size: 1000
Risk Reward: ~1.
RBL Bank Future Lot size: 1000
Risk Reward: ~1.
Total Profit 37000 per lot.