RBL: Chart set up does not look good 😥

RBL

- the stock took support at 155 last time in Aug 2021 from where the stock went up

- on 27 Dec 2021 the stock broke that level decisively with a big gap down and negative closing thereafter

- going forward the stock may find it difficult to go past beyond 155-160 odd levels

- on the downside the stock may come down to 112 levels and may even go sub 100 levels before we see risk takers taking genuine interest


Take care & safe trading...!!!


Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be