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RBL Bank is expected to test the cup and handle neckline pattern posted last week.
Can go short on pullback with SL 370 and targets to suppport levels.
Follow on twitter @piyushrawtani for live trading ideas .
RBL BANK has formed a cup and handle pattern on hourly , looks oversold . Can go long on pullback with SL 315 for targets of 345 / 355 in coming days.
RBL is now ready for a big short movement as it has broken all barriers in terms of moving averages. Price is currently under pressure and can expect the following to happen
short price - cmp
Stop loss - 381
Target 1 - 302
target 2 - 286
Target 3 - 230
Strategy - Short 2 lots and cover 1 at 302 and the second at 286, if it trades less than 280 for more than...
Same as Banknifty, RBL bank is making an positive divergence on one hour interval. It also brokeup small trend on upside. There are chances that it may breakout 1 hour trend line in coming days. keep this stock in a watchlist.
I will update my post, when a confirm trend started to form in RBL bank.
the stock had seen a good fall from past couple of days and hads successfully filled the gap , while other stock like icici sbin kotak may witness a fall , this along with hdfc bank and rbl bank can give a good upside retracement.
so congratulations our yesterdays both stocks biocon and balkrishna industry both gave us 2-3 % returns in one day
SO... today we have RBLBANK a perfect weekly breakout and rising OI with a significant delivery percentage on daily traded volume.
i mostly trade on logic,number data and market trend
so for tomorrow we have a perfect stock to buy because nifty...
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.