RBLBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | RBLBANK | Market Cap | 18,060 Cr. | Current Price | 292 ₹ | High / Low | 332 ₹ |
| Stock P/E | 27.3 | Book Value | 257 ₹ | Dividend Yield | 0.34 % | ROCE | 6.04 % |
| ROE | 4.57 % | Face Value | 10.0 ₹ | DMA 50 | 304 ₹ | DMA 200 | 273 ₹ |
| Chg in FII Hold | 6.42 % | Chg in DII Hold | 4.41 % | PAT Qtr | 214 Cr. | PAT Prev Qtr | 179 Cr. |
| RSI | 41.8 | MACD | -3.86 | Volume | 57,15,487 | Avg Vol 1Wk | 48,22,579 |
| Low price | 149 ₹ | High price | 332 ₹ | PEG Ratio | 0.22 | Debt to equity | 8.32 |
| 52w Index | 78.1 % | Qtr Profit Var | 555 % | EPS | 10.8 ₹ | Industry PE | 15.8 |
📊 Chart & Trend Analysis: RBLBANK is trading at 292 ₹, below its 50 DMA (304 ₹) but above its 200 DMA (273 ₹), showing short-term weakness but medium-term support. RSI at 41.8 indicates neutral-to-weak momentum, while MACD at -3.86 confirms mild bearish crossover. Bollinger Bands suggest price hovering near the mid-lower band, signaling consolidation with downside risk but potential rebound if support holds near 285–290 ₹.
📈 Momentum Signals: Current volume (57.1 lakh) is higher than the 1-week average (48.2 lakh), reflecting strong participation despite weak momentum. RSI near neutral levels suggests limited immediate upside, but volume strength may support a recovery attempt.
🎯 Entry Zone: 285–295 ₹ (near 200 DMA support)
🚪 Exit Zone: 310–325 ₹ (resistance near 50 DMA and upper trendline)
📌 Trend Status: Consolidating with mild bearish bias. A reversal is possible if price sustains above 304 ₹ with volume confirmation.
Positive
- Strong institutional inflows: FII (+6.42%) and DII (+4.41%) holdings increased significantly.
- Quarterly PAT improved to 214 Cr. from 179 Cr., showing growth momentum.
- EPS of 10.8 ₹ reflects profitability.
- PEG ratio of 0.22 suggests undervaluation relative to growth.
- 52-week index at 78.1% shows strong relative performance.
Limitation
- Stock trading below 50 DMA, signaling short-term weakness.
- High debt-to-equity ratio of 8.32 indicates leverage risk typical of banks.
- ROCE at 6.04% and ROE at 4.57% reflect modest efficiency.
- P/E of 27.3 is higher than industry PE of 15.8, making valuation expensive.
Company Negative News
- MACD indicates bearish crossover, limiting immediate upside.
- Neutral RSI suggests lack of strong momentum.
Company Positive News
- Quarterly profit variation of +555% highlights strong earnings growth.
- Institutional inflows (FII and DII) show renewed confidence in the company.
Industry
- Industry PE at 15.8 is lower than RBLBANK’s 27.3, suggesting sector peers are more reasonably valued.
- Banking sector benefits from credit demand and government-backed reforms, but remains sensitive to leverage and asset quality.
Conclusion
⚖️ RBLBANK is consolidating with mild bearish bias, trading below its 50 DMA but supported by its 200 DMA. Entry near 285–295 ₹ offers tactical opportunity, while exits around 310–325 ₹ align with resistance. Strong institutional inflows and profit growth support medium-term stability, but expensive valuation and high leverage warrant cautious positioning until a breakout above 304 ₹ confirms reversal.