RBL bank showing positive price action on weekly chat

30 thg 8

Down trend in RBL bank terminated by forming a CUP & Handle Pattern(also 200SMA Breakout was there) ,Breakout of this pattern was in june 23 & Target of this pattern was arround 290 level ,stock hit the same in Jan 24 ,After hitting the target stock now try to take support on 200SMA (which is arround 190).From here one can accumulate the stock (Stoploss 185) for a target price of 290 .