DALMIA BHARAT Breakout from Long-Term Consolidation
✅ The stock has been trading within a long-term symmetrical triangle pattern, with the price recently breaking out above the upper trendline around ₹460. This breakout suggests a potential shift from consolidation to a new bullish trend.
✅ The breakout is confirmed by a significant increase in trading volume, indicating strong buying interest. The RSI is trending upwards around 65, signaling building bullish momentum.
✅ With the breakout confirmed, the stock could aim for higher levels, with potential targets around ₹560 and beyond. Traders should watch for a sustained close above the breakout level to confirm the continuation of the bullish trend.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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