DCB Bank - Channel Support.Channel Support.
Trend Line Support.
EMA Support.
Risk Reward Favourable.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
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DCB BANK ASCENDING TRIANGLEON SUCCESSFUL BREAKING OF 192 LEVEL IT CAN REACH TO
T1 201
T2 205
T3 212
T4 218
SL IS JUST BELOW THE SLANT TRENDLINE, CAN KEEP IT AS TRAILING SL.
HAPPY TRADING
Sellers Awaiting!DCB bank Has broken the channel as well as Trendline, and has initiated the Downtrend. We can enter at the pull Back to the Resistance.
Bullish
DCB bank should be set above 190 & trade towards Target 210.
One should keep Stop Loss at 180.
For target 210 , time period not more than 20 session.
DCB BullishLast year has been very bullish for this bank. And last month was a boom boom with a breakout in the lat week. First target can be set at closest high of 168 and second target? let it just go and we shall see it booming.(unless it makes a double-top and reflects)
dcb bank range expansion soon stock is in uptrend
now trading narrow with in a small range
can expect a range expansion soon towards 193/195/200 if the stock trades above 184.5
70% returns in 3 months - Opportunity for a short correctionDCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded.
The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here.
3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most of them surprised.
This seems like a good opportunity to short the stock considering the good run majority of the banks have had in the last one year since the 2015 onslaught.
DCB bankLast year has been very bullish for this bank. And last month was a boom boom with a breakout in the lat week. First target can be set at closest high of 168 and second target? let it just go and we shall see it booming.(unless it makes a double-top and reflects)
DCB Bank - Resist or Break BSE:DCBBANK after a strong upmove is at a good resistance level .
Will it be stopped or it will break?
As for me :
Might be halted and go down now.
But,
Look out whenever it breaks it convincingly and then go long. Better yet when it retests for support.
Plan your trades !
Cheers !!
DCB BANKDCBBANK AT VERY IMPORTANT LEVEL IF POSTED BAD RESULT THEN STOCK WILL DOWN 3-5% SIMPLY.. AND STOCK RESULT NOT GOOD SEEN ON CHART BUT STOCK HAVE GOOD SUPPORT AT 120 ABOVE BULLISH BELOW 120.5 STOCK BEARISH.
SGX NIFTYIn previous update on 14 Sept, mentioned 16647_16658 as TREND REVERSAL LEVEL. Exact low of 16647 done & reversed. Next criteria was DCB above 18097 for invalidating series of LH_LL where DCB above 18097 done & moved up 400 points from there to 18505 so far.
Over Head Resistances - 18486 / 18599
Supports - 18350 / 18255 / 18097
DCB above 18599 will be a Break Out but buy in dips in the range of 17500_17800 will be good for ATH (All Time High).
Will do fresh chart analysis for next moves.
Previous analysis link (14 Sept) is attached below for reference.
