RBL BANK LTDLong
RBL Turnaround??
RBL was a Rs 700 stock, before falling from grace....we are clearly in a support area and i envision 2 paths for this stock, note the tight downward channel on weekly....there is buying interest with huge upside potential...Although stocks have a habit of making multiple trips to support area before an actual reversal, don't expect anything major for a while, but once the momentum starts, it will be difficult to enter....I'm buying with every dip to bring my average cost down which is 200 at this point, and i have multiple sell orders stacked till 700.....Use your own risk management.....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.