Updated View on RBL Bank

RBLBANK

Updated View on RBL Bank RBL Bank CMP: ~₹323 Strong support: ₹318–320 Swing resistance: ₹332–338 Breakout zone: Above ₹338 Upside targets: ₹348 → ₹360 Stop loss: ₹314 (strict) Why ₹323 Is Interesting Near a strong support base from recent consolidation. Risk is smaller compared with buying after breakout. Emirates NBD stake approval news remains a positive medium-term trigger. Recent price action shows repeated rebounds from the ₹320 area. Trading Plan For tomorrow: Buy only if stock sustains above ₹326–328 Add more above ₹332 If market is weak and RBL breaks ₹318, avoid averaging. My Take At ₹323, this is no longer an extended breakout chase. It becomes a “buy near support for swing” setup. For a 3–10 day trade: Good entry zone: ₹320–325 Expected move: 6–12% possible if banking sector stays strong. One caution: Some analysts still worry about weak retail profitability and credit-card stress despite headline profit growth