RBL is now ready for a big short movement as it has broken all barriers in terms of moving averages. Price is currently under pressure and can expect the following to happen
short price - cmp
Stop loss - 381
Target 1 - 302
target 2 - 286
Target 3 - 230
Strategy - Short 2 lots and cover 1 at 302 and the second at 286, if it trades less than 280 for more than...
Follow on twitter/telegram @piyushrawtani for live trading ideas .
RBL Bank is expected to test the cup and handle neckline pattern posted last week.
Can go short on pullback with SL 370 and targets to suppport levels.
Follow on twitter @piyushrawtani for live trading ideas .
RBL BANK has formed a cup and handle pattern on hourly , looks oversold . Can go long on pullback with SL 315 for targets of 345 / 355 in coming days.
After almost vertical fall the stock has been able to close above 405, which is the last support. Intermediate term target can be kept at 550, if the stock now turn bullish.
After a continuous fall in prices, stock finally enters into a Demand Zone . One can go long by entering at 406 with SL placed at 390 for targets towards 420/430/440
RBLBank had a decent correction from its high 716.4. Stock almost tested its major support level of 438-444 and gave a bounce back. Stock displaying symptoms of early signs of reversal. Stock has potential to go upto 495/527/553 retracement levels. However it may be a time taking journey. Looks good to deploy below strategy with breakeven of 418-529.8. Till 400 it...
RBL Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities. The Bank's segments include Corporate/Wholesale Banking, which includes lending, deposits and other banking services provided to corporate customers of the Bank; Retail Banking, which includes lending, deposits and other banking services provided to retail customers of the Bank through branch network or other approved delivery channels; Treasury, which includes investments, all financial markets activities undertaken on behalf of the Bank's customers, trading, maintenance of reserve requirements and resource mobilization from other Banks and financial Institutions, and Other Banking Operations segment, which includes para banking activities, such as Bancassurance and credit cards.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
RBLBANK
