DBL trade ideas
DILIP BUILDCON 17% UPSIDE.DILIP BUILDCON FORMED A ROUNDING BOTTOM PATTERN IN THE DAILY CHARTS VOLUME CAN BE SEEN INCREASING AS THE PATTERN COMPLETES.
A BREAKOUT TOOK PLACE AND IT WAS ABLE TO MAINTAIN THAT PRICE.
BUY ON ANY DIP TO THE NEAREST FIBONACCI LEVEL OR GO LONG TO GET UPTO 17% PROFIT AT THE 1:1 PROJECTION OF THE CHART PATTERN, CLUSTERING WITH THE RESISTANCE LINE.
NSE: Dilip Buildcon might move sub 300 levelNSE: Dilip Buildcon might move sub 300 level
Long term down trend
Bottom might have been seenThe last support is at 276, but the stock might have formed its bottom at 312.25. If it turns bullish on the way it will find resistance at levels 384, 489, 594 sequentially.
Near supportGood support is at 375 which is expected to hold, resistance is at 445, if vthe same is crossed and the stock remains bullish, intermediate term target will be 570
ConsolidatingDBL consolidating around its 3/1 support. If it goes above 418.50 and remains bullish, a target of 544 can be seen in intermediate term. Next support is at 358.50
Dilip build conwhile the stock has been in a downtrend for a couple of weeks
tested monthly support levels for last 3 days and managed to stay above it
Catalyst : Epc project for a dam worth 601 crore
use ichimoku to trade in 15 min timeframe
long above 633 levels
Dilip build conScalping today
positive news:
got project for construction of metro in Madhya Pradesh
target around 61.8 fibonacci levels for today
DBL Bounce Uptrend TradeEntered on 31 July 18 on 800.15 with a stop loss at 749.45
TSL 0.00% update on 1 Aug 18 from 749.45 to 770.85
TSL 0.00% update on 9 Aug 18 from 770.85 to 815.15
Current Trailing Stop loss = 815.15
In case of hitting stop loss there will be confirmed profit of 815.15 - 800.15 = 15 points
DBL Bounce Uptrend TradeEntered on 31 July 18 on 800.15 with a stop loss at 750
TSL 0.00% 0.00% update on 6 Aug 18 from 750 to 771.10
TSL 0.00% 0.00% update on 16 Aug 18 from 771.10 to 820.90
Current Trailing Stop loss = 820.90
In case of hitting stop loss there will be confirmed profit of 820.90 - 800.15 = 20.75 points
DBL Bounce Uptrend TradeEntered on 2 Aug 18 on 847.30 with a stop loss at 771.10
TSL 0.00% 0.00% update on 16 Aug 18 from 771.10 to 815.15
Current Trailing Stop loss = 815.15
In case of hitting stop loss there will be loss of 32.15 points
near double bottomn break outdilip bulidcon on verge of break out , long above 890, with target 1050 -1100
The stock is behaving in copy book style. A beautiful W formed between support and resistance. It is likely to break out of resistance at 815 today. If it manages to hold 815 for couple of days, 1225 can be seen in medium term.
Dilip Buildcon - Double Bottom BreakoutIt has formed perfect Double Bottom (W) after a decent fall.
Long above: 840
CBSL: 750
Target: 1065
