DALBHARAT FUT made ascending triangle pattern on an hourly charts with decent OI.
Could be bought above its support turned multiple resistance level of 2017.
With mentioned stoploss & target.
Risk:Reward Ratio is almost 1:4
DALBHARAT FUT is on the verge of breaking out of descending triangle as well as consolidation on an hourly chart with decent OI.
Could be bought above 1975 with mentioned stoploss & target.
The stock has formed the Rising Wedge Pattern with declining volumes on it's Daily Chart & is very likely to breakdown. Go SHORT in June Futures on 11-06-2023 @ around Rs.2120-2140 levels. Stoploss at Rs.2155. Target at Rs.1950/- RRR = more than 9:1 in 12 to 15 Trading Sessions.
