RBL BANK LTD
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We are currently in minor wave iii of wave C of wave Y, fall from 274 has become a complex correction, possibly a triple zigzag pattern, if wave Y is going to be equal to wave W then we can see 81.75, 58.85 and 40 levels too.

Overall wave counts on weekly chart
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macd in monthly turned negative
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macd in weekly negative
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macd in daily also in negative
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rsi in weekly down tick and below 40
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price below lower bollinger of weekly
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.

elliottwavecorrectionelliotwaveanalysisTechnical IndicatorsRBLBANKrblbankshortTrend AnalysisWave Analysis

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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