RBL Bank Ltd

NSE :RBLBANK   BSE :540065  Sector : Banks

About Company: RBL Bank is a banking company engaged in providing a wide range of banking and financial services including wholesale banking, retail banking, treasury operations and other banking related activities.

Weekly Chart of RBLBANK:

Technical Outlook of RBL Bank:

Today on 09th Nov 2021 (Tuesday’s) stock climbed for a third straight session. RBL Bank on the weekly chart has seen a falling trend line breakout. Looking at the chart structure we have a positive stance on the stock and expect the stock prices to increase further. On the upside immediate resistance is around 227- 235 zone. Once we see weekly closing above 235 we can expect targets of 273 in the next few months. Stock will remain in the positive zone till trades above 170 level.