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BUY RBL Bank for target price of Rs 210: CK Narayan

Sukant Sharma 10 August 2020

Market expert CK Narayan has suggested BUY Call for small private banking player RBL Bank. Narayan feels that RBL Bank has formed a strong technical chart pattern and after Friday’s move, the stock has given a strong BUY signal.

Narayan has suggested a target price of Rs 210 for RBL Bank with a Stop Loss of Rs 185. The stock is currently trading at Rs 192.

Narayan feels that NIFTY has strong support on the lower levels and we may see further strength in the indices as blue-chip stocks move higher.

All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.

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