Dalmia Bharat has been following the lower trendline since Dec 2020. It's now again at the lower trendline and seems to be trying to reverse. This I believe is a great opportunity to go long.
Besides the pure price action, it's also nearby the 50 day EMA. Along with that, the Reward to Risk ratio is also favorable.
Risky traders may...
DALBHARAT has been in the uptrend and has taken support from its 100 days EMA.
As per Fibonacci extension the next target can be expected at around 2742, 30% from CMP.
Time period for meeting the target - apprx. 1 month.
Stop Loss - 1975
Dalmia bharat is looking good for swing trade. Go for Long from here.
LTP - 1969 rs
Entry - 1950-70 rs
SL - 1925 rs
TGT - First -2070 rs / Second- 2170 rs
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment....
The stock has been following the ascending trend of higher highs and higher lows for a few weeks now.
There is a pattern emerging by looking at the chart, which I have divided in 3 phases.
Each phase is preceded by high volume, followed by consolidation. As soon as the price has touched the trendline, we have observed a spurt in volume and price.
If the history...
It's been a sweet ride for Sugar Stocks. Hope some of you took advantage of the rally.
Here is another opportunity for capturing a short and Sweet trade. Long term also looks good - ( Over the last 5 years, market share increased from 2.23% to 3.96%)
I have taken entry for a short term trade at 464
Chart Study - Not a call
* Before i had already share balrampurchini before breakout and now all sugar stocks breakout from its liftetime high price . Now find out yours sugar stocks becoz all sugar stocks now ready for fly . Only negative point particularly in this stock is volume is in downtrend i will assume within one to two week volume breakout will happen .
Kindly Let us know if...
Something is buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon.
However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant , however we need to wait for a confirmation , before Buying the...
Somethings buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon.
However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant , however we need to wait for a confirmation, before Buying the Sweetner.