Dilip Bulidcon Ltd - Monthly Breakout and retest has been done.
The chart is self-explanatory.
DBL has 70% Promoters Holding - a good sign (as per screener)
Overall - Looks good for swing trading
Plan Your Trade
Dilip Buildcon Limited, incorporated in 2006, is presently in the business of development of infrastructure facilities on Engineering Procurement and Construction basis (EPC) and undertakes contracts from various Government and other parties and special purpose vehicles promoted by the Company.
ORDER BOOK AS ON 30.06.2023 - ₹ 2,40,509 Mn
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 :)