1) Chinese double bottom formation.
2) volume conformation.
3) Range breakout.
4) Lockdown is getting over periodically.
5) High MF and Fii holding.
6) Fundamentally sound stock.
Buy : current level
Targets: 1038 (short term)
** Can look out for long term also.
Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
The company has reduced...
RBL Technical RBL Create Buying Pressure at 684 and selling Pressure at 675.50
RBL Fundamental RBL Bank has informed that the Board of Directors recommended a final dividend of Rs 2.70 per equity share. The bank's Q4 net profit has jumped 39 percent at Rs 247cr. However, the stock is trading one percent lower.