Supply and Demand
RBL Bank trading near its Lifetime low - FPI Buy Position
Positive Points:
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- Stock is trading near its lifetime low.
- Also, RSI positive divergence can be seen on the weekly chart.
- A bulk deal done by FPI(erstwhile FII) for 256.48 rs.
Negative Points:
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- India is struggling with TRUST factor with some banks like PMC, YesBank etc. Keeping in mind, banks like RBL Bank, may be affected badly.
Tata ElxsiPrice action is at crucial support zone. In 2 or 3 sessions, trend direction will be clear
BajajFinance: M PatternBajaj Finance : M Pattern found.
CMP: 4049.95,
Demand zone 3871-3819.
below 3800 long term bearish.
4310, 5000+ Targets for upside if not close under Demand Zone.
Education Purpose Only
