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TodaRamBijaraniya
Oct 15, 2023 7:36 AM

Breakout of 5 Years consolidation. Long

DHANLAXMI BANK LTDNSE

Description

The stock has corrected drastically from 212 and consolidated for a period of five year in the range of 8 to 24.
Now, it has given a breakout and can give multifold returns.
CMP : 30
SL : 17
Target : 44/62/72/125
Stay invested.

Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade

Comment

It lookslike forming Flag and pole. lets wait and watch.

Trade active

High made 32.65.

Comment

34.10 high. Many more to come.

Trade active

Target 1 44 reached and target 2 almost touched 59. 100% returns in just 3 months. Much more to come.

Trade active

Retracement done. Ready for fresh leg of rally.
Comments
tarunbadlani123
time period ?
TodaRamBijaraniya
@tarunbadlani123 Time frame in the chart is MTF. So it may take up to 2 years to touch the targets if SL is saved.

Thanks for showing interest.
renjithsreekumar
Monthly resistance break-out with retest. Looks like good to go to 72 now.
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