DCB BANK(W): CMP LOOKS GOOD FOR MORE UPSIDE. 1) TRENDLINE RESISTANCE BREAKOUT 2) AN INVERSE HEAD AND SHOULDER + RISING CHANNEL PATTERN IS VISIBLE ON A BIGGER TIME FRAME. 3) RSI, MACD & ADX ARE BULLISH.
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I am not a expert here. just learning since 2 years but as per my knowledge DCB Bank may cross 150 in couple of weeks. Fundamental analysis is showing great scope for 150 and may extend to 200 in couple of months.
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Early entry: 74
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ONCE BULLISH CROSSOVER OCCURS IN STOCHASTICS BULLISH DIVERGENCE WILL BE CONFIRMED AND UPPER CHANNEL LINE IS TARGET A LITTLE LESS THAN THAT AS SHOWN WITH ARROW MAKE SURE LOWER TRENDLINE NOT BROKEN ON CLOSING BASIS IN HOURLY CANDLE