RBL bank cmp 130 today as on 15 September 2022 has just kissed the 133.65 mark which is its 50 Ema on the weekly chart
50 Ema is considered significant tool in analysing the trend
as the counter breached below the 50 Ema on weekly chart in the month July 2019 … its almost 3 years the counter is in bear phase …
Above 134 the stock can fly to 160 levels
Nifty future 17889 at trend line resistance
Selling pressure from past two sessions at 18100 levels
Crucial level to watch is 17975 if surpassed & sustained can continue its upside
Weekly rsi at 60.90
Correction can lead to 17700-600 levels trying to breach the previous swing low of 17400
