DBL - Ichimoku Breakout📈 Stock Name - Dilip Buildcon Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 455.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Dilipbuildcoin
Dilip Buildcon- Several hinderances to build its baseCup and handle formation in progress for the targets mentioned in the chart. Need to break the several resistances including parallel channel to reach the desired target. Entering after the C&H breakout is advisable.
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DBL - CHART SHOWS A CLEAR SUPPORT LEVELDBL - CHART SHOWS A CLEAR SUPPORT LEVEL
I'm already in the trade as the prince is at the support level of all time it it showing a clear upward trend. Weekly closed positively. RSI is showing a strong diversion on daily chart
Please comment your thoughts and analysis.
Plan your trade as per your risk apatite. I'm a stock market learner.
Target 1 (12%) achieved in Dilip Buildcon. Target 2 is ON...This is follow-up on Dilip Buildcon. Can check link to related ideas.
Target 1 achieved. More than 12%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DBL : BullishEvery impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are –
1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1.
2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one.
3. Wave 4 never intervene into the price territory of the wave 1.
The stock can be considered in its 5th wave at present situation. One should go long on current levels with SL of 580 & look for the targets of 750/850/950
DBLDBL on a daily chart looks for a huge movement on either side. After the recent rally from 2021 budget, it has been going through some consolidation and correction. In my observation, it is forming a bullish flag with the bottom of the flag starting from 400 levels. Also on daily timeframe it is forming a falling wedge pattern. Being highly optimistic it can start a fresh rally for short term target of 800-850. Waiting for opinions and observations on the same from experts and DBL followers.
Please note This is not a trade recommendation.