Can be bought for long term as well as short term! Good company with good fundamental!
Can be bought at CMP
SL can be taken at support line or around 1440 levels
Target 2200, 2400, 2600 (All time high level). Next Fibonacci resistance is around at 3100 level
Its a micro cap company, don't invest more than 4-5% of your capital.
PROS (as per screener.in) -
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.09% CAGR over last 5 years
- Debtor days have improved from 53.85 to...
Reasons to buy RBLBANK:
1. Stock gave a strong breakout from the descending triangle pattern with heavy volume.
2. Company manage to came in net profit of 31 Crores in sept-2021 quarter, while it was in net loss of 459 Crores.
3. Stock is trading at 0.98 times its book value.
Targets: 270, 400
Hold for 6 months to 1 year
Points to remember before buying:
::This is just for education::
RBLBANK share price had fallen around 10% (closing basis) after Sep. quarter result. Although the result has improved from last quarter. So in my opinion it should not fall much, chart pattern is also indicating the same.
As indicated in chart, it can take support at 160 level, and can face resistance at 200 level. I think...
Watch for a bullish signal.
Trendline breakout and retest done on 1-hr TF.
Very likely to reach 6.5 (Near previous high).
SL can be placed at 4.5
Company has come up with net profit after 5 years.
Balance sheet is improving.
Reserves are near all time high
Stock is trading at 0.34 times its book value (15).
Its just an...