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Long

DCB Bank - Buy Setup

NSE:DCBBANK   DCB BANK LIMITED
110 4 6
DCB Bank has been in a strong uptrend and after a correction it has taken a support at 6 month trend line in the daily chart . It is good buy at CMP with a target of 212 and a stop loss of 191.
TGT 230 for short-term?
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Bro, the first point of trendline doesnt touched the price. But the small trendbreak is good to trade. But carries risk as it would be too early to trade, by the way good analysis!
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@RJUN, Its bullish on the weekly and monthly time frame also. So any dip followed by a bullish signal, I would be a buyer for short trades also. Thanks for your views.
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RJUN getsetrade
@getsetrade, Yea, setup is perfect for Short term trade for now :)
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