EW Analysis of RBL Bank
EW analysis in daily, shows that wave (iv) seems to be over, and wave (v) started.
Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction. in.tradingview.com/x/bO1Tjycl/.
here 1st tgt - 595, i.e wave (iii) peak,
if wave (v) is getting extended, then we can see higher levels - 640(.5), 680(.618).
Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction. in.tradingview.com/x/bO1Tjycl/.
here 1st tgt - 595, i.e wave (iii) peak,
if wave (v) is getting extended, then we can see higher levels - 640(.5), 680(.618).
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