DCB BANK LTDLong
DCBBANK, bullish above 200.50
Updated
17 july 2019 is result date for dccbabank
And that day it closed at 199.95
After result day it was very range bound and made 3 doji's in this range
With good volumes
So I expect a upmove above 200
And add as a buffer i added 50p
so the level comes out to be 200.50
and main problem is Bank Nifty and
if Bank Nifty declines further,
it will drag DCB Bank more lower so keep tight stop loss at 198
And that day it closed at 199.95
After result day it was very range bound and made 3 doji's in this range
With good volumes
So I expect a upmove above 200
And add as a buffer i added 50p
so the level comes out to be 200.50
and main problem is Bank Nifty and
if Bank Nifty declines further,
it will drag DCB Bank more lower so keep tight stop loss at 198
Trade closed: target reached
Bought at 200.50 and booked 206.50same day on 16/08/2019
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