The fertiliser stock hit a record high of Rs 322 on January 23 but failed to hold the momentum. It closed at Rs 213 on April 1, which translates into a downside of about 30%. After undergoing a steep correction in a matter of months, the stock picked up momentum in the last 5 trading sessions.
RBL Bank has recently experienced a robust breakout from the consolidation zone between Rs 258-210, accompanied by a strong bullish candle, indicating a continuation of medium term uptrend.