🌟A huge breakout after a long consolidation around 500 levels
🌟Volume pop during breakout
🌟After a rally till 575/580 levels, stock again consolidates and then gives a trendline breakout
🌟Volume pop during TL breakout
🌟Retest with low volumes
🌟Volume pop during reversal
Looks good to go long!
Dilip Buildcon Ltd (DBL) looks good for me.
it broke downtrend trendline.
T1 & T2 are given in charts.
Daily Support can be considered as 50% exit, SL can be considered 100% exit.
Note: No idea about Fundamentals
Hi,
NSE:DBL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop...
Dilip buildcon has given a monthly breakout from cup and handle pattern and is looking good for a reversal trade.
If you trust India's infra story, this stock should be in your portfolio considering its bettering fundamentals.
For short term traders, currently stock is not showing any bullishness but can give good move if Q4 2024 results are positive.
DBL is moving in a narrow range and is expected to give good move above this box. Expecting a big move.
NOTE: I'm not a SEBI REG. Study before investing.
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
Business Segments
The...
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 :)
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.
