RBL Bank Ltd- Range Breakout + Trendline Break!

4月16日

RBL Bank Range Breakout + Trendline Break! 💥🚀
📅 Published on: April 16, 2025

📊 Chart Insight:
RBLBANK has given a dual breakout—piercing above a long-standing descending trendline and breaking out of a rectangle consolidation zone. This combo setup indicates a potential trend reversal or continuation rally from here on.

🔍 Technical Highlights:
🔺 Pattern: Rectangle range breakout + descending trendline breakout
🟪 Consolidation Range: ₹148–₹178 (marked in purple)
📈 Breakout Candle Close: ₹181.57
📊 Volume Surge: 218.23K—strong bullish confirmation

📌 Support & Resistance Levels:
🟢 Immediate Support: ₹178 (top of the rectangle zone)
🟢 Next Strong Support: ₹164 (middle of the rectangle)

🔴 Resistance Levels to Watch:

₹188 (trendline zone retest)
₹198
₹212 (gap fill level)

📈 Trendline Analysis:

Price has broken above the major descending trendline from April 2024 highs.
This trendline had been acting as dynamic resistance and is now a potential trend shifter.

🧠 Trade Idea/Strategy:

💹 Entry: Near ₹178–₹181 (post-breakout retest ideal)
🛑 Stop-loss: Below ₹164
🎯 Targets: ₹188 ➡ ₹198 ➡ ₹212

📍 Visual Indicators Used:

✅ Rectangle drawn to capture sideways accumulation
✅ Trendline from previous highs marking resistance
✅ Volume spike indicating strong buying interest

📘 Note: Multiple timeframe confirmation is advised. Volume and structure align well with bullish bias.

🔔 Disclaimer: Educational post only. Always do your own research or consult with a SEBI-registered advisor

4月21日

交易結束：目標達成

The first resistance level has been touched. If the trend is to continue, it's important to follow a trailing stop-loss strategy and patiently wait for the price to approach the second resistance level.