DCB BANK LOOKING POSITIVEDCB 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.
DCBBANK
#DCBBANK CMP111.25 #Target 124.65 #HDFCBANK #ICICIBANK #AXISBANK#DCBBANK
NSE: DCBBANK
Short Term Quick Profit
CMP 111.25
Target : 124.65
SL : 104
Timeframe < 45 Days
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Long DCB BankDCB Bank
CMP - 103
Stop - 85 on DCB
Expectation -
T1 - 130
T2 - Open, Review at 130
Expected Holding Period - 120 trading days or earlier for T1
Ideas being shared only for educational purpose
DCBBANK-LONGDCBBANK is looking bullish for coming days. Can find Levels on chart.
Disclaimer - Only for educational purpose.
DCBBANKNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
DCB Bank Long May go Back.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.
Synergistic Pattern: Trend-line + Horizontal resistance + MA 50Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 74
SL: 71
Target: 84
RR: 3.0
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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DCB BANK CHANNEL LINEONCE 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
DCB BANK REVIEWDCB IS RANGE BOUND SO IT MUST GO UP AND TOUCH UPPER LINE STOP LOSS IS 168.10
NOTE: TRADE AT YOUR OWN RISK
DCB Bank Long TermWill touch 320 and retrace to 200 for further highs if CCI(M)34 support will not break
DCB Bank failure breakout, Pattern says short itDCB Bank failure breakout happened. Volume is less after tried to breakout with high volume.
BUY: DCBBANK at 200 SL 197 TGT 206BUY DCBBANK in NSE CASH at 200 with stop-loss of 197 and target of 206.
Stop-loss is no closing basis. Can also wait for a intraday swing to buy lower.
DCBBANK has crossed ichimoku cloud and is way on its up-wards journey. Short term investors may be interested in such an opportunity
DCBBANK buy setup (low risk high reward setup)Buy DCBBANK at CMP (201+) and on dips upto 196
T1: 250
T2: 300
T3: 350
SL: 180
dcb bank one can follow if they wish on twitter and quora
Answer to What has your experience of the share market taught you? by Pratik Jain www.quora.com
