RBL Bank trading near its Lifetime low - FPI Buy Position
Positive Points:
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- Stock is trading near its lifetime low.
- Also, RSI positive divergence can be seen on the weekly chart.
- A bulk deal done by FPI(erstwhile FII) for 256.48 rs.
Negative Points:
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- India is struggling with TRUST factor with some banks like PMC, YesBank etc. Keeping in mind, banks like RBL Bank, may be affected badly.
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