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Dalmiabharat

Dalmia Bharat - Double Bottom Chart PatternThe "Double Bottom" pattern is a bullish reversal chart pattern that suggests the end of a downtrend and the beginning of an uptrend. When observed in Dalmia Bharat's stock chart, this pattern indicates a potential increase in the stock's price. It took almost 2 months to complete the pattern. Key Characteristics: Shape: The pattern consists of two distinct troughs at approximately the same price level 1700, resembling a "W" shape. Neckline: The highest point between the two bottoms forms the "neckline." A breakout above this level confirms the pattern. Volume: Volume often decreases during the formation of the pattern and increases on the breakout above the neckline, confirming the bullish reversal. Current Scenario for Dalmia Bharat: Breakout: Dalmia Bharat's stock has already broken out above the neckline, indicating a confirmed bullish reversal. Retest: The stock is currently retesting the neckline, a common occurrence where the price returns to the breakout level to test its new support. Implications: Market Sentiment: The successful retest of the neckline can strengthen the bullish sentiment, suggesting that the previous resistance level has now become support. Entry Point: The retest provides an opportunity for investors to enter a long position at a potentially lower risk, as the new support level is confirmed. Target Price: The target price can often be estimated by measuring the distance from the bottoms to the neckline and projecting it upward from the breakout point. Target level 2000 - 2050 Example: If Dalmia Bharat's double bottom pattern had bottoms at ₹1,700 and a neckline at ₹1,850, the distance is ₹150. Following the breakout, the target price could be around ₹2,000 (₹1,850 + ₹150). In summary, the double bottom pattern in Dalmia Bharat suggests a bullish reversal, and the current retest of the neckline is a critical juncture. If the retest holds, it may present a favorable entry point for investors, reinforcing the likelihood of an upward trend. Regards Arvind Yadav. Cfa Arvind Share Academy
NSE:DALBHARATLong
by Arvind_Share_Academy
Dalmiabharat Short below 2153Dalmiabharat Short below 2153. Targets will be 2115. Reason for trade, RSI is weak, Price has consolidated, latest candle body is covering the previous high volume green candle, Also trendline is getting break. Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade. If you think this idea is use full please like and share and follow thank you for reading my idea
NSE:DALBHARATShort
by VikasRanjane
1
YR 2022 Idea #110: Long on DALBHARATThis 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. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:DALBHARATLong
by onerighttrade
Inverse Head and Shoulder Pattern BreakoutThis 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 and consolidation near short term resistance and breakout, there is high chance of bullish movement. This post is for information purpose only.
NSE:DALBHARATLong
by AkshayAdak
Dalmia Bharat Ltd - Short term SwingDalmia 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 purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:DALBHARATLong
by ravi15684
Dalmia Bharat Chart Analysis !!📈 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 and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:DALBHARATLong
by ShelendrAgrawal