DCB Bank failure breakout happened. Volume is less after tried to breakout with high volume.
(1) Channel Resistance (2) Regular Bearish Divergence
BUY 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
Buy DCBBANK at CMP (201+) and on dips upto 196 T1: 250 T2: 300 T3: 350 SL: 180
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SELL IF IT CROSSES BELOW PREVIOUS CLOSE
DCBBANK (DCB Bank Ltd) SELL BELOW 172
structure looks well , important base at 158-165 zone upside can even be above 210 as it tested the levels multiple time . risk reward in favour on long side .
Safe entry with LOW risk to Reward. DO study the chart and do not trade based on this post. DCBBANK Has formed a bullish wolfe pattern.
NSE:DCBBANK coming to target of 165/160. Its in perfect down trend.
Channel Support. Trend Line Support. EMA Support. Risk Reward Favourable. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.
DCB bank Has broken the channel as well as Trendline, and has initiated the Downtrend. We can enter at the pull Back to the Resistance.
Price tends to be loosing the momentum to the upside. while RSI is diverging and the price is resisting from hitting the top surface of the channel. Indicating a reversal After an Impulse Move and likely to correct towards 190. Enter at break of the channel or by looking at the price action for good entry. If Channel is broken to the upside, Trade will get void.
DCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded. The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here. 3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most...