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ParamjitMahapatro

EW Analysis of RBL Bank

RBL BANK LTD (NSE:RBLBANK)  
ParamjitMahapatro  
NSE:RBLBANK   RBL BANK LTD
Elliott Wave elliottwaveprojection breakout 5thwave complexcorrection
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elliottwaves elliottwaveprojection breakout 5thwave complexcorrection
EW analysis in daily, shows that wave (iv) seems to be over, and wave (v) started.

Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction.
snapshot

here 1st tgt - 595, i.e wave (iii) peak,

if wave (v) is getting extended, then we can see higher levels - 640(.5), 680(.618).
snapshot
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