Dalmia BharatDalmia Bharat
Daily:
- Stock is at good support levels
-It has made reversal candle (Hammer and its confirmation)
-Formation of Falling Wedge which is again a Bullish Pattern
-Can be considered for Positional Trade
Note: The above analysis is just for educational purpose.
CA Diptii Saeth
NISM and NCFM Certified Technical Analyst
Dalmiabharatlong
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.