Dalmia Bharat Sugar Strong Breakout from Symmetrical Triangle
Dalmia Bharat Sugar has successfully broken out from a long-term symmetrical triangle pattern with significant volume, indicating strong buying interest. The stock has rallied above 570, and with the RSI nearing the overbought zone, there is still room for upside momentum. This breakout suggests potential further gains, with the next target near 640. The volume surge supports this bullish trend, and traders should watch for sustained price action above 570 to confirm the rally continuation.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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