RBLBANK trade ideas
rbl bank rbl bank due to its managements comment on gross NPA had corrected sharply
the stock on both long term and short term is good to accumulate
RBL BANK - VIEW POINTShares of RBL BankNSE -13.69 % plunged over 13 per cent after the company said that it expects some challenges on some of their exposures in the near term.
The fall came despite the lender reported 41 per cent year-on-year (YoY) rise in profit at Rs 267.10 crore for the quarter ended June 30 against Rs 190 crore in the same period last year. Net interest income, other income and operating profit of the lender jumped 48 per cent, 48 per cent and 43 per cent, respectively, during the quarter.
WITH SUCH KIND OF NEWS, IT APPEARS THAT THE SHARE MAY GO BACK TO 550 LEVELS IN THE COMING DAYS.
RBLBANK - Bullish Shark - 1D TFBullish Shark pattern on Daily Chart of RBLBANK. BUY 559-562, SL 544.9, Target(s) - 577, 582.
Bullish Butterfly - RBL Bank - 4HBullish Butterfly - RBL Bank - 4H
PRZ:580-586 | SL:576 | T1:600 | T2:608
CMP:607.20 15/07/2019 By Ramchandra
RBL BANK LONGNSE:RBLBANK
BULLISH SHARK RBL CMP 578.55 @ 16/7/19
PRZ 563 TO 565 SL 538 T1 599 T2 623
CHART BY HARMONIC LEARNING AND EARNING
RBL BANK - WHAT IS THE NEWS?WITH Q1 RESULTS EXPECTED IN FEW DAYS, A BIG FALL RAISES TWO QUESTIONS -
FIRST - ARE THE RESULTS BAD?
SECOND - IS IT A GAME PLAYED TO BUY SHARES AT LOW PRICE?
IN ANY CASE, WAITING FOR INFORMATION WILL BE PRUDENT.
PLEASE NOTE : DELIVERIES ARE 45% FOR TODAY.
RBLBANK - Bearish Shark - 4H TFBearish Shark pattern on 4H Chart of RBLBANK. SELL 673-674, SL 681.1, Target(s) - 665, 661.
ABOVE 640 RBLBANK LEAD TO 680 LEVELSRBLBANK MAKE DOUBLE BOTTOM AROUND 600 TO 625 LEVELS...ON 26TH JUNE IT HAS GIVEN BREAKOUT OF 625 LEVELS AS WELL.
AS PER PRICE THEORY NEXT RESISTANCE LEVEL IS 640 GOING ABOVE THAT LEVEL STOCK CAN EASILY GO TO 680 BECAUSE OF FALL START FROM 680 LEVELS AND IT WAS VERY FAST SO RISE WILL BE FAST
RBL Bank Buy. Triangle Support with 8 Consecutive red candlesRBL Bank Buy. Triangle Support with 8 Consecutive red candles with lower than average volume . Strict SL at if price falls under 607 decisively. Overall chart looking good with ascending triangle formation with lifetime highs.
