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.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。