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RBL Bank__Positional LONG
Stock has broken 9-10 weeks consolidation zones of 690-94 today with good volumes.
Stock should do well going forward like DCB bank & Federal has done till now.
Long DCB Bank
Logic- as we have seen good consolidation in the stock even after a sharp fall in nifty and bank nifty, so once market starts to recover DCB should lead the rally.
Stock is trading above breakout levels of 220.
Its a buy
SL 214, which is todays low.
Please maintain Stop loss, as market will be volatile and any bad news can...
- High Risk & High Reward Trade
- Please maintain SL as the stock can be volatile.
Logic behind the trade, as market has gone down sharply in last few days and due to election outcome there could be sharp recovery as well(just a anticipation). so if this happens stock like Adani enterprice which are high beta in nature can perform much better...