RSI divergence in Rbl Bank Limited. Today's price action may be beginning of reversal.
RBL BANK is one such stock which can give you solid returns when it shows signs of falling. This is one such scenario where it has made a lower high at channel resistance with evening star and also stochastic indicator has given a negative cross over at the same point. To make money on this opportunity, we may SELL 145 CE option easily hedging it with 150 CE...
NSE:RBLBANK #NSE:RBLBANK formed descending triangle All the possible levels mentioned on chart !!
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.
Support zone is place between 101 to 106 while the minor resistance is place at 157 to 161. Keep an alert on this levels
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.
Here is the video which gives you my view on the huge gap down in RBL Bank. Please let me know what do you think about the same. Thank you, Umesh
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...
rblbank I suggest 105 good price if sustain if it is not closing within box weekly basis then its a problem
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)
Crossed Major Ma's with volume in DTF Looks strong enough to reach previous high again Nearest resistance not stands at 227/248 View negated below 210
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 .
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RBL Bank is looking good for long term investors. Fundamental and Technical both are currently strong