RBL Bank: Trend Reversal is imminent

RBLBANK is about to show excellent breakout.

• Price is crossing the 200 DMA. It is basically a trend reversal as the order will be: Price cut the 200 DMA, then 21 DMA will cut the 200 DMA and then 50 DMA will cut the 200 DMA, uptrend starts.
  
• Volume is high.
  
• A Bullish Engulfing candle is formed in daily chart engulfing whole 1 week price action.
  
• Long build up is seen in OI data.
  

Trade: Buy above 153 (200 DMA), SL: 148. T: 158, 164 .. long term 200.

Option Strategy
Looking at the OI data here is what I can see:
* Call side: Short covering is happening in 145 strike.
* Call side: From 147.5 upto 160 .. all strikes has long build up.
* Put side: Upto 150 short build up is happening.
* So once price stays above 153, can simply buy 155 Call option (CMP: 5.35 with SL: 4.50, T: 7)

Note
Typically, when a very big engulfing candle is formed in chart, there is always a possibility that next few days price can consolidation within the range of the candle (143-152) from price action perspective.