BIG Trend reversal in RBL bank

18 May 2021

The stock entered into bearish phase on 12th April with 10% fall in a single day , there was a phase of consolidation followed by phase of minor uptrend. The stock was yesterday able to give close above entire fall and consolidation phase. CMP is Rs 198 , any decisive move and close above Rs 200 will definitely trigger a rally. If Bank nifty supports and other factors remain constant than RBL may give 10-15% return