RBLBANK strong breakout with heavy volume
Reasons to buy RBLBANK:
1. Stock gave a strong breakout from the descending triangle pattern with heavy volume.
2. Company manage to came in net profit of 31 Crores in sept-2021 quarter, while it was in net loss of 459 Crores.
3. Stock is trading at 0.98 times its book value.
Targets: 270, 400
Hold for 6 months to 1 year
Points to remember before buying:
1. Always diversify your portfolio.
2. Never give more than 5% weightage to a single stock.
1. Stock gave a strong breakout from the descending triangle pattern with heavy volume.
2. Company manage to came in net profit of 31 Crores in sept-2021 quarter, while it was in net loss of 459 Crores.
3. Stock is trading at 0.98 times its book value.
Targets: 270, 400
Hold for 6 months to 1 year
Points to remember before buying:
1. Always diversify your portfolio.
2. Never give more than 5% weightage to a single stock.
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