RDBRL looking good for long as well as for short term recently given breakout with massive volume if we talking about fundamental its available with cheap valuations Market Cap ₹ 215 Cr. Book Value ₹ 91.6 ROCE 21.0 % ROE 15.8 % Face Value ₹ 10.0 Profit Var 5Yrs 30.5 % OPM 15.2 % Price to Earning 9.72 ROCE 21.0 % Return on assets 14.3 % Debt to equity 0.00 Return...
RDB Rasayans ltd is looking good for multiyear breakout. Keep on radar. Stock is consolidating near all time high zone.
RDB Rasayans is showing good strength from last month. Keep on radar. Stock is trading near all time high resistance. Today's Bid quantity is almost 1.5 times of Offer quantity. Keep on radar.
RDB Rasayans is attempting 5 years range breakout. Keep on radar.
RDB Rasayans is consolidating and forming Symmetrical triangle pattern on weekly time frame. Keep on radar for breakout. Stock is trading near ATH zone.
ENTRY: 88 TARGET: 103 SL: 83 Buy after a Retrace Positives: - Good Volume buying 27 and 28 July. - Breaking Trendline. - Trending above 52 MA. - Making higher highs. Negatives - Still Downtrends - RSI oversold.
RDB rasayan CMP: 106 sl: 89(wcb) target:125/165/200 Note: educational post
#RDBRL Stock has formed a cup and handle pattern on weekly chart. Volume is also increased while it moving upside and dried volume during downfall. Fibonacci target comes for 160 and 250. Fundamentally also stock is doing reasonably well.