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kolhatkarspms

RBL --- Monthly RSI in 50 range

Long
RBL BANK LTD (NSE:RBLBANK)  
kolhatkarspms  
NSE:RBLBANK   RBL BANK LTD
Technical Indicators Relative Strength Index (RSI) RBLBANK long-term investment Stocks RBL rblbankbullish
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indicator relativestrengthindex rblbank long-term investment stocks rbl rblbankbullish
Monthly RSI entering 50 is supposed to be strong. It can give us a multibagger over a period of 1 year or so.
Enter once RSI sustains over 50.
Exit upon RSI reaching 80 on monthly charts only.

5 March 2021
CMP - 242.35
Target - at least 100% in 1-2 years!
Stop Loss - Rs.205/-

RSI above 50 is not my strategy. Video Link in Related Ideas at bottom.

I am taking position in RBL when RSI crosses and stays over 50 for 1-2 days.

I will update in the comments section.
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