RBL LOOKING GOOD FOR POSITIONAL AND SHORT TERM
As its trying to break the ascending channel, has been rising with a good consolidation + volume dried up.
The key EMA acting as the resistance. Once its broken I'm gonna enter above 169.35. With a small Sl of 65.30.
#RBLBANK
After that, once it sustains above the 1st target, will keep trailing Sl. And will book 25% at the 1st target and 50% at 2nd Target.
In terms of fundamentals, the bank has very good valuation compared to its industry peers. A good P/E ratio.
The P/E has been rising steadily annually and quarterly. This is very good indication.
Bank's Total Revenue, Net Income and Margin has been increasing with a good pace. It also seems accelerating.
Company has a strong business allocation with most of from the retail customers. I think it's good bcz young generation is growing and they will need financial help from banks in every step.
Actual revenue also growing with good ratio, annually as well as quarterly.
Dividend per share and dividend yield rising at very good pace. It's attractive to investors. A plus point.
What a financial health with total deposits and loan deposits increasing with a good ratio.
Thanks for coming till here.
Hey, by the way I love to teach new traders on weekends and in my free times. If you wanna learn let me know.
Cheers. 🥂💫
The key EMA acting as the resistance. Once its broken I'm gonna enter above 169.35. With a small Sl of 65.30.
#RBLBANK
After that, once it sustains above the 1st target, will keep trailing Sl. And will book 25% at the 1st target and 50% at 2nd Target.
In terms of fundamentals, the bank has very good valuation compared to its industry peers. A good P/E ratio.
The P/E has been rising steadily annually and quarterly. This is very good indication.
Bank's Total Revenue, Net Income and Margin has been increasing with a good pace. It also seems accelerating.
Company has a strong business allocation with most of from the retail customers. I think it's good bcz young generation is growing and they will need financial help from banks in every step.
Actual revenue also growing with good ratio, annually as well as quarterly.
Dividend per share and dividend yield rising at very good pace. It's attractive to investors. A plus point.
What a financial health with total deposits and loan deposits increasing with a good ratio.
Thanks for coming till here.
Hey, by the way I love to teach new traders on weekends and in my free times. If you wanna learn let me know.
Cheers. 🥂💫
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