RBL
- the stock took support at 155 last time in Aug 2021 from where the stock went up
- on 27 Dec 2021 the stock broke that level decisively with a big gap down and negative closing thereafter
- going forward the stock may find it difficult to go past beyond 155-160 odd levels
- on the downside the stock may come down to 112 levels and may even go sub 100...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
RBL bank has given a breakdown on charts and the stock has been under pressure for a very long time already. Avoid any long positions here until there is a clear upward movement. Shorting this one with a stop loss at Rs.165 looks like the best thing to do.
Chart itself tells the story --- Weekly TF
Price could never recover with the strength.
Disclaimer:
No Recommedation to trade, its purely for educational purpose.
Any reason why the drop should only be 20%. I feel absolutely not. It has hallmark of a very badly run bank. Greed is the word I guess. Moneycontrol should be taken to court for spreading lies last night about RJ/RKD stake in the bank. These morons just go scot free everytime becuase SEBI is staffed with nincompoops.
Let it go Yes Bank way and pay the fat bankers...
If price break 155 Level and sustain below 2 to 3 days after that don't try to catch falling knife . That's why i never buy stock below 200 Day Moving Average . ( Consider case to case if price reach near Monthly or weekly Support)
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from...
RBLbank is both fundamentally and technically strong on charts. Book value ₹ 211, Market Cap ₹ 12,235 Cr
Fundamental View
Stock is trading at 0.97 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of 6.77% for last 3 years.
Contingent liabilities of Rs.61848.98 Cr.
Company might be capitalizing the interest...
1. take support on 21 EMA.
2. close above 200 EMA
3. long buildup in futures.
4. 190 to 194 multiple support . ( 21 EMA, weekly CPR)
5. 214 weekly chart resistance .
5. RSi above 50 since last few weeks.
one should consider to buy around 195 ,,stop loss 190 ,, target 214 .
NSE:BANKBARODA
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#BANKBARODA whooping 4%
Bagged 22K alone.
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NSE: RBLBANK 206
-Fresh up move and again Close At Resistance
-Price And Volume Both Confirms
-Next Level To Watch 210-215-225
-Support Near 185-170
-Closing Basis
C&H pattern seems to be formed and completed
on 22 oct volume also seen
25 we can see breakout and tgt1 and tgt2can be done
mcpriceaction
learn, learn and learn
SELL PE 170/180
