Stock i si n downtrend
when other cements are trading at close to 52 week high areas , this stock i s heading downside.
AS long as its trading below 2100-2110 it can head further lower towards 1870-1850 zones
the setup seems bearish
Dalmia bharat is a strong company with good fundamentals which is available at strong support.
Levels are mentioned on chart.
Good stock from investment perspective as well.
Dalmia Bharat Cmp 2127 dated 9-2-2024
1. Hammer Candle @ support
2. RSI reversal from support
Buy above 2140 target 2180-2225-2250-2275-2300 SL 2070
It is just a view, please trade at your own risk.
Now stock is trading above 50 DMA which is 2252,good to buy with stop loss of 2240 for the target 2430,2500 and company has given good Q3 numbers.
Said information only for educational purpose do your won research before investing.
dalmai bharat cements porsted a decent Q3 results
price is bouncing from 200 day EMA
two conscecutive green with higher loses , expecting three white soldiers on monday
target and stop loss marked
Dalmia Bharat's stock is currently on an upward trend, which is a positive sign. The stock has tested the 2420-2430 levels multiple times, indicating that the resistance level at this point is weakening. If the stock continues to move upwards and crosses this level, it has the potential to hit its all-time high. This could be a good opportunity for investors to...
NSE: DALBHARAT is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
Dalmia Bharat is making inverse head and shoulder and also a cup and handle formation. We can see price movement to 2900-3700. We can see a inverse Head and Shoulder pattern and a technical target pf 2900. And if we a longish Cup and Handle pattern, once we get confirmation, we can see price moving to 3700.
Other factors:
1. RSI is above 60
2. MACD is...
Why to trade? for long term only
1. Double bottom pattern Breakout,
2. Resistance Breakout,
3. Heavy volume at Breakout.
Thanks for Day Trader Telugu and other masters helping me to learn market.
I am not a SEBI registered Adviser,
please do your own analysis or consult
financial adviser for Entry, stop loss or
Target.
📌Inverted Head & Shoulder Pattern
✅Keep on Radar
+ Continuation pattern
+ Trading above Key EMAs
+ Strong Relative strength
+ Trading around ATH
+ Trading above Key EMAs
NSE:DALBHARAT
SAFE ONE CAN BET AFTER RETEST
FEW CHECKLIST-:
1. ALL MA AND EMA BULLISH.
2. RSI NEED LITTLE PULLBACK OR CONSOLIDATION.
3.FUNDAMENTALS STRONG.
4.FII AND DII ARE BUYING AND PUBLIC EXITING.
READY TO MAKE NEW HIGHS
CAN BE A GOOD BET.
BUY AND JUST RIDE AND HAVE PATIENCE FOR ATLEAST 3-6 MONTHS FOR BIG GAINS.
I research both fundamental and...
