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Technicals for RBL Bank Limited
By MusingTheNews
2025-04-25 20:51
Overall Technical outlook
Price Summary
RBLBANK's shares experienced a significant -6.19% plunge, indicating a poor market performance. On 2025-04-25, RBL Bank Limited's stock opened at 200.5, reached a high of 201.27, dropped to a low of 186.6, and closed lower -6.19% at 188.09, with a trading volume of 22517371 shares. The stock reached its highest price of 269.55 and lowest price of 149.46 over the last 52 weeks. Analysts predict that the future price will fluctuate between 120.0 and 250.0, with the mean expected price being approximately 174.26315.
Technicals
Support and Resistance: The price of 188.09 is supported at 171.24 and faces resistance at 192.03. This range suggests key levels for RBLBANK where the price may stabilize, with 171.24 acting as a support and 192.03 as a cap on gains. Support/Resistance for RBLBANK
Aroon: The Aroon indicator shows a continued bullish trend, with Aroon Up staying at the 100 level. This sustained strength suggests a strong upward momentum. However, further analysis is required, especially when combined with other indicators, to confirm the trend's durability and potential future direction. Aroon chart for RBL Bank Limited
Bol. Bands: The price crossing below the upper Bollinger Band signals a potential bearish reversal. This movement may indicate that the asset's recent bullish trend is weakening, and a decline could follow. Traders often interpret this as a sign that the market is overbought, suggesting that a correction or pullback is likely, making it a crucial time to consider adjusting trading positions. Bolinger Bands chart for RBL Bank Limited
Parabolic SAR: The PSAR continues to signal a bullish outlook, establishing a key support level that reinforces the market's upward momentum. This support could serve as a base for continued gains, suggesting that the bullish trend is likely to persist. Parabolic Stop and Reverse chart for RBL Bank Limited
Stochastic: The stochastic indicator for RBLBANK reflects the K-line moving below the D-line, though it stays above 80, hinting at the potential beginning of a bearish price move. This setup suggests that the market's strength may be diminishing, with a possible downturn ahead. Traders should be on alert for further bearish confirmation. Stochastic chart for RBL Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend for RBL Bank Limited, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum may be weakening. This loss of strength could be a sign that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should watch for signs of a trend change as the current downtrend starts to fade. Tripple SMA chart for RBL Bank Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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