DALBHARAT - BREAKOUT VISIBLE IN BOTH WEEKLY AND DAILY CHART
1) The stock has been trying breach this level since Feb 19, though breakout done in few occasions the price was not closed above this resistance line.
2) Today also the price gone above this line with good volume and not able to sustain at higher level in closing
3) Forming higher lows and accumulation below this line for last few trading sessions are giving more confident to take trade.
4) Trading above both 50 & 200 EMA is an additional strength.
2) Today also the price gone above this line with good volume and not able to sustain at higher level in closing
3) Forming higher lows and accumulation below this line for last few trading sessions are giving more confident to take trade.
4) Trading above both 50 & 200 EMA is an additional strength.
Trade closed: target reached