Given the current Impulsive progression to the downside, RBL Bank looks all set to make a move lower than 111 level as what looks to be Wave 5 in the progression.
Further on the move seems to be having support from the Indices which are themselves showing weakness.
Further on the move seems to be having support from the Indices which are themselves showing weakness.
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1H : Moves lower than 110, hence achieving the minimum downside target :
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Author : Think with the Markets