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Rakesh Madhav CFA

11th Dec · SEBI-Registered Analyst

🏦 RBL Bank – Reclaiming Momentum Above Key EMAs

RBLBANK
advanced +3% to ₹311, continuing its gradual recovery after a short consolidation. Positive Triggers: Healthy loan book growth and improving retail portfolio mix. Broader PSU & private-bank recovery aiding sentiment. Institutional inflows picking up as asset quality stabilizes. Technical View: Price comfortably above EMA-9 (₹262). RSI steady at 61, signaling continued buying bias. Next resistance at ₹325; support near ₹295. 💡 Tone: Constructive uptrend continuation; dips likely to attract fresh accumulation.

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