 "The stock of RBL Bank has formed a symmetrical triangle formation on the daily chart and is on the verge of a breakout from the same")
BUY VOLTAS | TARGET: Rs 755 | STOP LOSS: Rs 700
The stock has provided a fresh breakout from a pennant pattern on the daily chart and has also been trading in a rising channel. The momentum indicators and oscillators are in the buy mode on the weekly as well as daily scales which hint at a further positive momentum in the counter. The stock has also witnessed a build-up of a long position with the addition of approximately 18 per cent open interest.
BUY RBL BANK | TARGET: Rs 190 | STOP LOSS: Rs 172
The stock has formed a symmetrical triangle
