RBLBANK CHART STUDY
RBLBANK CHART STUDY

RBL BANK is a low value stock and we can generally see good fluctuation in the study this chart. StockMony team has explained how to deal with such chart patterns.

OVERVIEW

  1. About RBL BANK LTD
  2. Chart study
  3. Financials
  4. Future forecast
  5. BONUS POINT

About RBL BANK

RBL BANK Ltd is a banking company and it provides services to individual and small business across urban and rural India. 
With the tagline, “apka apna bank”, it provides pretty good interest rates on FD, personal loan, savings account. It is also one of the best stock to invest in.

Chart Study

Chart study of RBL BANK for Long Term

LTP 202.00 | Chart of RBL BANK is very interesting. As seen in the top image we can see a beautiful  CUP HANDLE PATTERN. This is the time when we can go for this best stock.

Short term targets can be set as target 1 of 255 and target 2 as 300. Minimum time duration can be taken as 1 month and maximum time duration can be 6 months.

Financials and Forecast

RBL BANK seems to be fundamentally very strong. Year by year its revenue is increasing. In the year 2020 revenue did increased but the profits dropped. Analyst suggest that it is advisable to invest in this stock. It is good to make money in delivery basis for this stock.

It does not offer good dividend returns. Also the stock has given better return in equity.

Bonus Point

You can join the telegram group for the updates regarding best stock to buy. Which are the worthy costly shares and which are useless penny stocks.

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