NSE:DALBHARAT
Stock is continuously making Higher High & Higher Low Pattern
Current Price trading above all major Weekly Exponential Moving Avgs
RSI in Bullish Zone
Tgt: 2140 - 2350 - 2680
SL : 1675
Upside Potential : 40%
Time Frame : 3 - 12 Months
Dalbharat Long (08 Sep)
RSI-65
Breakout retest with strong volumes
Buy at CMP- 1640
SL- 1560
Target- 1798, 1940
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
This is Weekly Timeframe.
Dalmia Bharat Ltd stock have given breakout today from downtrend and
from inverse head and shoulder pattern which is formed at lower levels of this trend.
Today's volume is highest in last two months.
It consolidated near resistance for last few days, shown sustainability, which is helpful to begin upmove.
So by seeing today's volume...
Dalmia Bharat Ltd - short-term swing
1. Efficiently break the falling wedge pattern upwards.
2. Next immediate target will be 1378
3. It may get reversal when it touches the target based on the market condition.
4. It will be applicable only for short-term swing traders.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational...
📈 Dalmia Bharat 📉
This Stock Broke out from a Resistance zone of 1480-1500 after testing two times this range on upside with a strong green candle.
If you look closely you can find double bottom kind of pattern as well. So It makes this to long ride with Great risk to reward.
Bias - Long
Target - 1727, 1981 and 2170
SL - 1359
RR- 1:4
All Important Supports...
LONG DALBHARAT BETWEEN 1365-1380
FOR TARGET 1750 AND 1900
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
