Any reason why the drop should only be 20%. I feel absolutely not. It has hallmark of a very badly run bank. Greed is the word I guess. Moneycontrol should be taken to court for spreading lies last night about RJ/RKD stake in the bank. These morons just go scot free everytime becuase SEBI is staffed with nincompoops. Let it go Yes Bank way and pay the fat bankers Private secttor salraies at Public sector Srrvice.
Hi Buddy! The comment that you made about the bank might be right. But I am wondering about the chart pattern. Looking at the chart pattern it seems you are pointing towards the head and shoulder top pattern. As far as my understanding is concerned, Head and Shoulder is a reversal pattern and not a continuation pattern. In the case of the head and shoulder top that you have portrayed, the primary trend should be an uptrend. However, RBL Bank's primary trend is a downtrend.