RBL Bank
Monthly chart RBL Bank from its peak of June 2019 price 689 a fall 83% to April low of 120 rupees 2020 (1st leg fall). Second leg fall from Feb 2021-- 267 to June 2022 --82 (fall of 70%). From this low it started recovering with a higher high (HH) to a higher Low (HL). from last recent Pivot 1st FEB 2025 -- 147 to high of 275 (my buy price zone) it was up roughly 89-90%. so the monthly chart suggests that RBL is ready to come out of his Stage 1 (stan Weinsteins stage analysis). I like to see long-term charts to decide to enter during Stage 2 only. Weekly Chart. While reading, kindly see the chart and numbers mentioned in the annotated charts below. This is the (Zoom) weekly time frame chart from Dec.2023 till Oct 2025 1) number 1 on the chart with a yellow arrow, this is a weekly candle, which i call it a Gapdown reversal bar (where open is low of the week, it represents reversal or strong demand in stock). for this candle, you can see increasing volume. 2) ...