The bullish candle formed from major support level with fib support, substantial volume and RSI indicating the price at oversold trajectory.
Entry will be above Rs 1848 with Stop Loss of Rs Rs 1672 and Target Rs 2200.
Shorting opportunity if price rejected from EMA 200 level of Rs 1850, target and stop loss as per risk reward appetite.
Consolidation BO on DTF
Stock is ready after a good accumulation
one can add it at some retracement till 1950
for a possible upward movement of 2170/2310/2460
SL should be maintained below consolidation zone
DISC: For educational purposes only.
H&S pattern formed in Dalmia Bharat ltd.
Buyer stay out for a while.
F&O traders, Look for a sell opportunity with SL 2050.
Note: kindly do your own analysis before making any trading decision.
LEVELS 29-11-2021 NIFTY
RES- 1.37465 17562
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I hope you can now see how Dalbharat represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Dalmia Bharat Ltd. is engaged in the business of inter alia, manufacturing and selling of cement, and refractories and generating power. The company was founded in 1939 and is headquartered in New Delhi, India.