Last time i posted this chart it did wonders.
Hoping for the same again :P
Keeping things simple it has already touched its resistance 4 times earlier.
It is making higher lows as well.(Chart attached with price action marked)
It has been consolidating at higher levels means near it's breakout levels with decent volume...
After a huge rounding bottom price had made small cup and handle. price has hit the resistance, lets see if price go beyond or fall back a bit and then go up again. its buy on dips till 1130. accumilate
1) The stock has been trying breach this level since Feb 19, though breakout done in few occasions the price was not closed above this resistance line.
2) Today also the price gone above this line with good volume and not able to sustain at higher level in closing
3) Forming higher lows and accumulation below this line for last few trading sessions are giving more...
A break above 1178 stock might move towards 1273/1347
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on...
DALBHARAT made rounding bottom and near to resistance above 1230 can move good.
other all details are mentioned in the chart.
check my other ideas to get to know about all the successful trades based on price action.
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.