Search in ideas for "dcb"
Swing and Intraday trade: watch for channel breakoutbuy above 702 in swing trade can buy for Intraday as well
keep stoploss 660 DCB for swing
target - 760, 800, 820 in Swing
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Swing Opportunity in DCB BankGo Long above 88.65 for Targets of 93.75, 98.85, and 103.95 with SL 83.55
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. A bullish candlestick pattern (Bullish Engulfing) marked with the orange color is formed around 0.618 Fibonacci level.
4. Also there is a strong demand zone (marked with green color), from which the stock initially faced resistance but now is taking support and moving up.
5. The stock may go up to the trendline where it may face resistance.
Swing Long BGR EnergyBGR Energy
NSE:BGRENERGY
Cmp - 66
Stop - 55 on DCB
Expectation -
T1 - 80
T2 - 115, Review at 80
Expected Holding Period - 20 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Long ZEEL...Swing TradeZEEL
NSE:ZEEL
Cmp - 202
Stop - 190 on DCB
Expectation -
T1 - 220
T2 - 240, Review at 220
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Albert David - Approaching strong demand zone @ 525-30 LevelsAlbert David is coming out of a 2 year range with strong volumes. It first attempted to break free from the range in mid July, but could not sustain above the range high. It has now corrected and is approaching a strong demand zone @ 525-30 Levels. The Fibonacci re-tracement level of 61.8 also confluences with the demand zone. The RSI levels also show support in 50 zone. The volumes on correction have been thin suggesting it to be a pullback rather than a reversal from top.
Going long @ 525-30 levels stands high probability of bring in a profitable position. The risk reward also stacks up well.
One can buy Albert David @ 525-30 levels with a DCB Stop of 495 to take profits off when price crosses 620 (tgt - 1) or 720 (tgt 2) levels.