DCBBANK trade ideas
#DCBBANK good long term opportunity#DCBBANK good long term opportunity
PRZ-81.85
SL-80
CMP:91.95 @30 August 2021
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.
DCB BANK for swingDCB BANK After touch the support it's starting recover. It's may possible to break the long term resistance
Swing Opportunity in DCB BankGo Long above 113.1 for Targets of 125.05, and 137 with SL 101.15
Reason to go Long :
1. The stock formed a bullish chart pattern, Cup & Handle, and it gave breakout with high volume.
2. Also the stock gave a trendline breakout.
Long call for DCB bank..Buy @102; sl @99; target @108; @TradingView; good time to buy for a small Swing . But it many fall down in some weeks
DCB BANK - Risk hai toh ishq haiThe stock has multiple support and resistance in triangle pattern.
In chart "C&H" breakout will probable give a rally of 20-25%. It is advisable to buy around Rs 110 with stop loss of 5%.
Others analysis mentioned in chart itself.
Note: Fundamentally stock is not recommended ,analysis is restrictedly to technical parameter only.
DCB Bank formed Cup with Handle pattern in Daily Charts DCB Bank formed Cup with Handle pattern in Daily Charts, Keep a close watch on Breakout. Up move is expected soon...
Buy DCB BANKAccording to chart anylasis DCB pull back from strong support we can buy DCB BANK near 110 for target 115 and 128 !!!
DCB BANK LOOKING POSITIVEDCB BANK(W): CMP LOOKS GOOD FOR MORE UPSIDE. 1) TRENDLINE RESISTANCE BREAKOUT 2) AN INVERSE HEAD AND SHOULDER + RISING CHANNEL PATTERN IS VISIBLE ON A BIGGER TIME FRAME. 3) RSI, MACD & ADX ARE BULLISH.
DCB BANKout perform in banking sector
Good Trendline Breakout on charts
Hoping for atleasst 10-15% returns in this counter within 2 months
#DCBBANK CMP111.25 #Target 124.65 #HDFCBANK #ICICIBANK #AXISBANK#DCBBANK
NSE: DCBBANK
Short Term Quick Profit
CMP 111.25
Target : 124.65
SL : 104
Timeframe < 45 Days
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
DCB given breakoutDCB bank had made a nice cup and holder pattern and given a breakout at 107.
Short term target as per the pattern is around 120.
Long DCB BankDCB Bank
CMP - 103
Stop - 85 on DCB
Expectation -
T1 - 130
T2 - Open, Review at 130
Expected Holding Period - 120 trading days or earlier for T1
Ideas being shared only for educational purpose
