A clear cup and flag formation can be seen in the weekly charts of DB RELTY. IT IS THEN FOLLOWED BY A GOOD BREAKOUT WITH GREAT VOLUMES!!! (OPEN CHART OF DETAILED VIEW)
A retrace can be seen till the level of 25 (dotted line). Bullishness is seen in the stock!!
LEVELS:
Entry: CMP Target 1: 34 Target 2: 41 Target 2: 51
STOP LOSS: 19-20 TRAIL STOP LOSS
RSI in momentum zone MACD just gave a crossover MA CROSS started showing bullish phase
Risk-Reward Ratio FAVORABLE
I would recommend going long on DB REALTY for a swing trade at prescribed levels
FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS