Podcast | Today's Pick: RBL Bank

| Updated on April 28, 2020

Investors with a high-risk appetite can buy the stock of RBL Bank at current levels. The stock jumped 8 per cent accompanied by above average volume on Tuesday, breaching a key resistance at around ₹120.

In early March, the stock breached a significant support at ₹250 and continued to trend downwards. It has been in a medium-term downtrend over the past two months. But the stock recorded a 52-week low at ₹101 last week and found support.


Subsequently, the stock changed direction triggered by positive divergence on the daily relative strength index and the daily price rate of change indicator.

Published on April 28, 2020

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