RBL Bank: Next possible targetsLooks like RBL Bank will try to test the following targets
Target 1: 218
Target2: 243
RBLBANK trade ideas
Head and Shoulder in RBL BankStock gives breakout of Head and Shoulder Pattern on weekly timeframe and price is giving breakout, just wait for weekly closing to enter.
Now this stock has the higher chances of moving upwards Best entry price around 190.
CMP : 181
Target : 219
Target 2: 274
Stoploss : 163
This is not a buy or sell call, this analysis is shared for educational purpose.
RBL SHORTTERM VIEWShort-term View
RangeBound Breakout and Consolidation going on. Which means accumulation in an Uptrend!
Flag 🚩 Pole break out!
Yet to give pole target 🎯🎯🎯.
Go with proper SL.
DO YOUR OWN ANALYSIS!
RBL LOOKING GOOD FOR POSITIONAL AND SHORT TERM As its trying to break the ascending channel, has been rising with a good consolidation + volume dried up.
The key EMA acting as the resistance. Once its broken I'm gonna enter above 169.35. With a small Sl of 65.30.
#RBLBANK
After that, once it sustains above the 1st target, will keep trailing Sl. And will book 25% at the 1st target and 50% at 2nd Target.
In terms of fundamentals, the bank has very good valuation compared to its industry peers. A good P/E ratio.
The P/E has been rising steadily annually and quarterly. This is very good indication.
Bank's Total Revenue, Net Income and Margin has been increasing with a good pace. It also seems accelerating.
Company has a strong business allocation with most of from the retail customers. I think it's good bcz young generation is growing and they will need financial help from banks in every step.
Actual revenue also growing with good ratio, annually as well as quarterly.
Dividend per share and dividend yield rising at very good pace. It's attractive to investors. A plus point.
What a financial health with total deposits and loan deposits increasing with a good ratio.
Thanks for coming till here.
Hey, by the way I love to teach new traders on weekends and in my free times. If you wanna learn let me know.
Cheers. 🥂💫
RBL bankPrice is moving inside a channel formation and now it is testing the upper trend line of the channel. Bullish if it acts as support and bearish if price rejects it. Trend direction deciding zone 269 - 272.
Buy above 269 with the stop loss of 266 for the targets 272, 275, 278 and 281.
Sell below 262 with the stop loss of 265 for the targets 259, 256, 253 and 249.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
RBLBANK LOOKING WEAK | TARGETS - 245 & 235RBL bank has formed a bearish pattern at top and MCAD also indicating a weakness in upcoming sessions.
Take sell trade around 280 - 290 with SL above 310 for the target of 245 - 235.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Bullish Breakout of Daily Flag & Pole PatternA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:RBLBANK
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Education purpose only - RBLStock have given BO above 274 and retesting after that
Generally if sustains over and above the BO price, it can give sudden spurt..
Entry above 275
RBL Bank - New management bounceWith RBI not extended the term for the old nominee director...
The market could take that in a positive wawy..
Long above 283 with SL below 272.
Can double the wedge breakout or new high breakout.
RBL bank can give 40% returnsRBL bank has been bearish since past few years.
Stock is showing strength and some signs of reversal.
Breakout Entries are always riskier. Levels mentioned on chart.
A consolidation above breakout zone is always a good sign.
RBLBANK | Mini Swing Trade📊 DETAILS
Sector: Bank - Private
Mkt Cap: 14,957 cr
RBL NBFC is a banking company engaged in providing a wide range of banking and financial services including wholesale banking, retail banking, treasury operations and other banking related activities.
TTM PE : 14.52 (Average PE)
Sector PE : 23.58
Beta : 1.75
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
3.47% away from 52 week high
Outperformer - RBL Bank up by 7.82% v/s NIFTY 50 down by -2.29% in last 1 month
📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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RBL BANK next Bull from Banking SectorWeekend Pick 2: RBL BANK
Fundamentals : Decent, Profitable FY 23 vs previous Years, Quarter wise Profits and EPS consistent. FII and DII holding increased significantly..
Technicals : Bullish, upside breakout of the last 3 years range..
R 1: 330
R 2: 385
R 3: 445++
S : 220
Reversal on Higher Time FrameRBL bank making strong candles on 3M Chart
Looks good reversal, we add for long-term
Education purpose Price action analysis - RBLStock has crossed the monthly resistance and if sustain above this level then can test the next resistance
Entry >280
Target 340
SLT 220
RBL BANK GETTING READY FOR A BIG BOThe stock is testing it's very strong support/resistance level.
This is the same price this stock got listed at.
Keep a watch coming week on how the price moves. A strong day closing above 275 will be a good sign.
This idea is for Educational Purpose Only.
Learn & Earn,
Dr. Tanya Kumar
RBL BANK: New Higher HighsRBL Bank is giving the signal that it is going to break out now
and also can give very easy and significant rewards against the risk it has
As we can see it has closed first time above the after-COVID highs
and we can see with every other stock that if the stock is moving higher than its Covid high or after the Covid high it is getting ready for a massive rally. same thing we can see in RBL Bank
so with a SL of 238 RBL bank is trying to achieve the target of 320-360-380 .
RBL Bank Updated AnalysisStock is trading near crucial resistance, any BO above this level will lead to next levels as marked. Follow chart for proper support and resistance levels.
Support and Resistance Rblbank has trading near strong support and resistance , if sustained anv 272 good upmove is expected else strong resistance will take below 260 will bring down
only for educational purpose
not for recomdation
RBL BANK- LONGRBL bank is currently trading above all EMAs and at a very important resistance level. Aggressive long position are being build up and high volume and delivery can be seen. If daily candle closes above 280 then further up move is possible till 400.
IN BULLISH TRENDResistance stands at 274,need to close above 274 after that can move towards 300 313 very soon.
Start of a big rally The first indication of strength came in at 133. The second at 210. The stock will breakout above 252. Its next resistance is at 295 and then 380. The rally looks very strong.
