DCBBANK trade ideas
DCB Bank BO at 214 Jun 06, 2019Hi All,
Finally some time back DCB bank gave a breakout at 214 now trading at 239 also its life time high.
The business has been growing at 15-20% per year.
The 200 DMA of the stock was at 146 when it took the support.
In my opinion the stock should move another 40-45Rs from here before facing some correction.
Happy investing.
looking good for 253sl 230
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.
DCBBANK WAIT FOR LONGWAIT FOR DCBBANK TO REACH 4 OF TRENDLINE
PUT A STOPLOSS BELOW TRENDLINE
BUY WHEN IT REACH AND REVERSAL AT 4.
DCB Bank Long CallLong DCB Bank
Logic- as we have seen good consolidation in the stock even after a sharp fall in nifty and bank nifty, so once market starts to recover DCB should lead the rally.
Stock is trading above breakout levels of 220.
Its a buy
SL 214, which is todays low.
Targets 225-231-240
Please maintain Stop loss, as market will be volatile and any bad news can triger selling presure as well.
Entry above 219/220Development Credit Bank - Entry above 218/220
past 3 years average sales 21%
past 3 years average profits 19.66%
past 3 years margins have been flat
DCB Bank failure breakout, Pattern says short itDCB Bank failure breakout happened. Volume is less after tried to breakout with high volume.
DCB Bank BullishWeekly Supertrend in the green = Long Term Trend Up
Daily William%R bouncing from oversold zone = Short Term Pullback Over
Stock taking support at Trendline and near 50% Fibonacci Level = Demand Zone
Bullish Engulfing Candlestick Pattern = Strong reversal sign
Buy with a stop at Rs.189.50 for a target of Rs.213 and above
dcb expecting this stock to hit channel upper line i.e 214-215 level and above levels
positional sl 194 cmp 203
[HP] Short DCB BankSell May futures. Its in physical settlement. Results were good but the rise is absurd fundamentally. Will sell ATM PE if it crosses stop loss.
BUY: DCBBANK at 200 SL 197 TGT 206BUY DCBBANK in NSE CASH at 200 with stop-loss of 197 and target of 206.
Stop-loss is no closing basis. Can also wait for a intraday swing to buy lower.
DCBBANK has crossed ichimoku cloud and is way on its up-wards journey. Short term investors may be interested in such an opportunity
