RBL Bank’s daily trend is bullish to sideways. RSI for monthly is showing sideways momentum. However, RSI for weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 190 and 200. Let’s plan a trade around this.
The results are in line with brokerages’ expectations. Motilal Oswal had said that RBL Bank is likely to report healthy margins and gradual improvement in asset quality for the quarter that ended March.