RBLBANK seems breaking out of daily parallel channel at the top. Other indicators seem to support this move. The results are likely to be very good. If they announce the appointment of new Chairman of repute, this stock should fly.
My Targets: 277-80, 300 short term
Stop Loss: Below 250
Disclaimer: This is for educational purposes only. Follow your own risk management.
My Targets: 277-80, 300 short term
Stop Loss: Below 250
Disclaimer: This is for educational purposes only. Follow your own risk management.
Comment:
Earnings expected tomorrow and RBLBANK is holding above 256.45 so I'd move my SL up to 255. Exit below 255.
Comment:
Against tremendous sell-off in BankNifty yesterday from nearly 50000 to 49250, RBL held its own. Today up 2.5%. So holding for my targets.