A long weekly breakout is ready for DB reality with volume support. Just information, No recommendation. Do your own analysis before entering.
Buy at - 26.5 SL - 24.5 TGT - 30.5 Witin 7-10 days
DB Reality - BO and 2x Opportunity?
If it will breakout 7 years resistance then may it go huge rally on upward . Only educational purpose
A clear cup and flag formation can be seen in the weekly charts of DB RELTY. IT IS THEN FOLLOWED BY A GOOD BREAKOUT WITH GREAT VOLUMES!!! (OPEN CHART OF DETAILED VIEW) A retrace can be seen till the level of 25 (dotted line). Bullishness is seen in the stock!! LEVELS: Entry: CMP Target 1: 34 Target 2: 41 Target 2: 51 STOP LOSS: 19-20 TRAIL STOP LOSS RSI in...
Can it happen??I would not mind though! ;-) Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing
BUT ABOVE 35 TG 39/43
After a prolonged bear market, D B reality looks like reversing. Investors can look at this counter for investing. Apart for technicals, If we look at fundamentals a) With RERA , GST, demonetization the entire real estate will function more effectively. b) Promoter has come out of 2g scam. c) Good land bank, trading much below book value.
Bullish Wedge TGC with strength Reversal confirmation 2 Strength Candles with CCI(D) crossing 100 CCI(M) > 100 CCI(W) on the verge of getting momentum SL 53.50 Target 80 / 89.50 / 103.78
Everything mentioned on chart...
Share has made a Break Out from Symmetrical Triangle Pattern (shown in graph), with a MARUBOZU candle (shown in blue box). After this, Share made a Gap Up Opening today at 52.30, which shows high demand. EMA 12 days has came above EMA 26 days (shown by blue and yellow lines). In week graph also, Share has made a Break Out after forming Falling Wedge Pattern. Share...
with good volumes and taking the support one should target 53
Reason : Continuation of existing upside momentum to retest the highs. TImeframe : By early 4th week of September.