RBL BANK Showing Strong Momentum | Bulls Back in Action

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RBL BANK Showing Strong Momentum | Bulls Back in ActionRBL Bank Ltd.NSE:RBLBANKFiveCirclesRBL BANK | 1-Hour Timeframe Analysis RBL Bank is currently showing strong momentum on the 1-hour timeframe and forming a bullish Higher High – Higher Low (HH-HL) structure, indicating positive price strength. The stock is also developing a Broadening Wedge pattern, with a key resistance zone placed near 370 – 375 levels. Interestingly, the previous Higher High resistance is also positioned around the same zone, making it an important breakout area to watch. On the downside, the stock has a strong structural support zone near 330 – 340 range, which may act as a demand area during any pullback. Bullish view will become invalid below 320, as this level represents the last major structural support.