Rblbank seems to have tested patience of many of us for 3-4 years due to bad loans and NPAs.
But the recent developments like healthy quarterly results, and Mahindra's stake indicates quite a promising outlook for this bank in upcoming future.
Technically, there are two possibilities:
1. Head & shoulder pattern: Apparently, a H&S was formed which seems to have...
This stock has corrected quite a lot in recent times. Now, it's time to fly high.
Buy above 168 for the target of 177-180
Above 180, it can easily touch 202-205 in upcoming 2-3 months.
