Perfect triple cup in cup setup. This formation is rare. This share looks like a steal at this price. If bears don’t crash the global markets this stock will touch 2400 very soon.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
DBL - Cmp 573.45
Keep on radar. Good price action seen today with huge volumes. Looks good for long with 540 sl on closing basis for targets of 607/720.
If the forthcoming earnings are good we can expect a good rally.
Everything is explained clearly in the chart. This is a long-term view and not for the Short Term traders.
Happy trading :)
