DBL trade ideas
#DBL CUP & HANDLE BO#DBL Dilip Buildcon Ltd has given a CUP AND HANDLE BO on Weekly Charts. Price should follow as depicted by arrows towards the final Price Action area in the Yellow box.
DilipBuildcon DBL Long ViewRising Channel Breakout &
Cup and Handle , BO after test
Expecting 500/520 in coming days...
Follow Risk/money management...
DBL breakout after CUP AND HANDLE formation... DBL breakout after CUP AND HANDLE formation... 430 to 432 best price to go long...
will it sustain against Market sentiment ?19 weeks cup n handle.
shakeout done in the handle. it coincided with 50 DMA, holding.
pocket pivot just prior to BO.
nice volume contraction in a base.
up day volumes is higher than down day volumes withim base.
Tgt - 480 - 500 - 540
Dilip Buildcon - Potential breakout candidateOne of the darlings of the previous bull market and one of the leaders in road construction in India.
It typically was known as a company from MP when Shivraj Singh was in power. Its expanded all over India but added trigger is Shivraj Singh is back in power.
The volumes today were very good. The stock has a potential C&H breakout. Long only above 425 with a SL of 400. First target 480.
Dilip BuildconBuy above 404 with SL of 379. Spread chart of CNXINFRA/NIFTY50 is also seems positive. So we may see good move here.
DBL - 1D TF - Cup & HandleCup & Handle pattern forming on Daily Chart of DILIP BUILDCON. BUY 410,425, SL 347.9, Target(s) - 460, 475, 500, 510, 530, 550. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
NON-FNO STOCKS FOR MONDAY DBL-STARCEMENT-SUMICHEM-SUNDARMFINDBL - Inv Head & Shoulder & TL BO (Above 408)
SUMICHEM - TL BO (Above 310)
STARCEMENT - Resistance BO (Above 97.5)
SUNDARMFIN - Long Term Resistance BO (Above 1804)
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Swing Trade Idea #208 : Long on DBL This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
DILIP BUILDCON LONG IDEABased on relative strength stock has given breakout and now moving below 21 dma,if it crosses 370 of the last closed candle it has strength to go more long......target is trailing stop.....since it is positional trade stop loss should be breakdown of relative strenght below zero line.
DBL for Aug seriesOne can enter this stock at the current lvls for the tgts as per chat. this was on consolidation mood and its set for an up move from here.350 was an critical support zone and its closed above that with volumes..happy trading
DBL chat for this monthAs we know lot of projects are rewarded and the way it moves as per history it should touch 52 week high in coming days as this didn't participate in the nifty rally all this while .lot of shots to be covered in this counter..one can see the levels marked for better understanding. happy trading...
