Chart_World

RBL Symmetrical Triangle forming

Long
NSE:RBL   RANE BRAKE LINING
RBL RBL

Time Frame – Weekly

Observations: -
* Symmetrical Triangle forming
* Taking support of weekly 200 SMA
* Consolidation & range formation between 660-800 zone (Breakout above 790-800 range)
* Weekly 200 SMA strong support (Red line)
* Taking trendline support also
* Dry volume


Resistance – 870 / 1010 / 1155 / 1300 / 1450

Support – weekly 200 SMA & 600 – 560 zone

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