Setup:
RBL Bank spent last few weeks consolidating within a Multi Day Balance Area on the daily chart, rotating around the midpoint near 385. Today, price broke out sharply above the balance area with good Volume giving us a clean breakout setup. Wait for the pullback back to the balance area high at 394 for a long trade.
Key Levels:
Multi Day Balance Area Midpoint: 385.00
Balance Area High (Entry/Retest Zone): 394.00
Trade Plan:
Bias: Long
Entry Zone: 394.00
Stop Loss: 384.00
Target: 408.00
Risk:Reward: 1:1.4
Invalidation:
A close back below 384.00 invalidates this setup, putting price back inside the balance area and signaling the breakout has failed.
Risk Management:
This setup carries a ~10-point stop from entry. Size your position so this stop reflects no more than 1% of your total trading capital at risk.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Manage your own risk.
RBL Bank spent last few weeks consolidating within a Multi Day Balance Area on the daily chart, rotating around the midpoint near 385. Today, price broke out sharply above the balance area with good Volume giving us a clean breakout setup. Wait for the pullback back to the balance area high at 394 for a long trade.
Key Levels:
Multi Day Balance Area Midpoint: 385.00
Balance Area High (Entry/Retest Zone): 394.00
Trade Plan:
Bias: Long
Entry Zone: 394.00
Stop Loss: 384.00
Target: 408.00
Risk:Reward: 1:1.4
Invalidation:
A close back below 384.00 invalidates this setup, putting price back inside the balance area and signaling the breakout has failed.
Risk Management:
This setup carries a ~10-point stop from entry. Size your position so this stop reflects no more than 1% of your total trading capital at risk.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Manage your own risk.
免責事項
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。