AnilAwadh

RBL Bank trading near its Lifetime low - FPI Buy Position

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NSE:RBLBANK   RBL BANK LTD

Positive Points:
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- Stock is trading near its lifetime low.
- Also, RSI positive divergence can be seen on the weekly chart.
- A bulk deal done by FPI (erstwhile FII ) for 256.48 rs .

Negative Points:
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- India is struggling with TRUST factor with some banks like PMC, YesBank etc. Keeping in mind, banks like RBL Bank, may be affected badly.

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