• Taken support from Support Zone drawn on chart. Entry for buying has been done above 1790.
• Once it breaks resistance level 1923 we can more safely buy it for next targets shown on chart as -
• Targets : 2121 , 2170
Dalbaharat is second time face the resisitance this time when breakout the level then come to the move in upperside targets are 2199-2310.
--> Buying Reason
1 -> Positive Move.
2 -> RSI is above 60.
3 -> Also ADX is showing the bullish move and Positive DMI is rising.
4 -> Also Volume is in positive move.
The stock is showing bullish momentum, It broke out of the Cup and handle pattern on 30/Nov, now it has retraced and showing good bullish momentum. Besides it took support form its 50 DEMA, at 1760. Which makes 1760 a very good support.
On Hourly TF the stock is taking resistance from a trendline.
Take the entry with half the capital ATM around 1864 and the...
DALBHARAT
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakdown of Pennant Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of below 1705-.
✅Can Go Long in this stock by placing a stop loss above 1850+.
✅ breakdown this can give risk:reward upto 1:6+
NSE:DALBHARAT
Stock is continuously making Higher High & Higher Low Pattern
Current Price trading above all major Weekly Exponential Moving Avgs
RSI in Bullish Zone
Tgt: 2140 - 2350 - 2680
SL : 1675
Upside Potential : 40%
Time Frame : 3 - 12 Months
quarterly cpr width is narrow.
the breakout of H4 is too strong accompanied by range increase and volume increase as well.
the price might consolidate a while before resuming its upmove with target as QH5, or might give a pullback which can be as deep as yearly cpr or monthly cpr which consists both quarterly h3 and monthly L3 or pema.
safe traders can enter...
The stock has give a BO above three months resistance line ( green one )
with good volume and also formed a CNH today.
If sustains above 1795 on DCB we can see the first target of 2014.
SL 1645 DCB
Price has broken out the trend line with a huge candle and closed above it, On balance volume is also showing breakout which shows that breakout has been done with good volume.The price may consolidate near previous high, you can wait for the confirmation of closing above prev. high.
