RBL Bank, expected to see more red untuk NSE:RBLBANK oleh NeeravYadav

trendanalysis indicator waveanalysis rblbank elliottwaveforecasts short nifty banknifty wave5

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.

Komen:

1H : Moves lower than 110, hence achieving the minimum downside target :

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