Dbcorp price action explained on multi time frameI daily make educational content videos for swing / positional trading
DBCORP trade ideas
MULTIBAGGER 2023---DB CORPMULTIBAGGER 2023 -- MONTHLY CHART SETUP --DB CORP
1. DB CORP seen Bullush monthly chart setup at current level so as pick potential multibagger year 2023
2. Monthly Resistance breakout seen on chart above 120 level
3. currenly trading at upper channel
4. Golden cross 44,200 hma seen since stock trading uptrend , above 44,100,200 HMA
5. RSI above 60, above wma, RSI & ema positive crossover seen , currently RSI at 60.55 Strongly Bullish
6. Potential upside 40-50% from current level in year 2023
7. Entry 120-130 level Target 150-175-200 stop loss 100
THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk !
HAPPY TRADING ......WISH ALL HAPPY & PROSPEROUS NEW YEAR 2023
DBCORP AT BEST ENTRY LEVELDBCORP
BUY : 106
TARGET : 125
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
DB CORP -- INTRADAY SETUP 03/03/2023DB CORP --INTRADAY SETUP --HOURLY CHART --03/03/2023
1. DB CORP seen trading upper channel after correction on hourly chart
2. Double bottom formation seen above 95 level .
3. last hourly candle is trend reversal doji after bearish heikin ashi candle
4. channel support taken before doji candle indicate trend reversal upside
5. CCI ema Indicate bullish formation
6. BUY intraday above 96.50 TARGET 98-99 stop loss bellow 95
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
DBCORP --INTRADAY SETUP -- 23/02/2023DBCORP -INTRADAY SETUP -- 23/02/2023 --HOURLY CHART
1. Stock trading at lower channel at hourly chart ,
2. AT 98,25 level double bottom seen on hourly chart last closing session .
3. stock seen near lower channel breakout level last closing hourly candle
4. INTRADAY BUY CAN INITIATE above 99.75 level ( 15 min candle close above 99.75 ) FOR INTRADAY TARGET 102-104 stop loss bellow double bottom support at 97
5 TRIX positive crossover seen at last closing hourly candle near 0 line .
6 . intraday support 98-99 Resistance 102-104
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... ** trade at own risk .!!
** HAPPY TRADING !!
** THIS IDEA IS FOR
DB CORP --UPDATE --HOURLY CHART --FOR 13/02/2023
DB CORP --UPDATE - HOURLY CHART --FOR 13/02/2023
1. fall seen from 132 sub level from last few days towards 103 level on last closing session .
2. Consolidation on hourly chart 103 to 108 sub level seen .
3. triple bottom seen at bottom of consolidation 103 level consecutively .
4. LAST CLOSING HOURLY CANDLE IS HAMMER CANDLE
5. If this support hold on hourly candle , will up move towards 106-108
6. if 102.50-103 this support breaks on closing hourly candle , then will see breakdown bellow 100 level
** as this is make or break level .. watch is closely on hourly candle .
THIS IDEA IS FOR EDUCATIONAL PURPOSE only.
DB Corp- Support Broken DB Corp Ltd is from publishing sector engaged in the sale of newspaper & magazines and advertisement revenue having moderate fundamentals. Recent result is not so good .Volume breakout happened on September 2022 and breaks its 52 week high . Recent support was at 105 level and broken that level last weak. Expecting a steep down trend now for a short term . Immediate support is at 70-75 levels. Eventhough promorters have more than 70% stake , they are decreasing their holding QoQ .
DB CORP -- INTRADAY SETUP 03/02/2023DB CORP --15 MIN CHART --INTRADAY SETUP- 03/02/2023
1. DB CORP on 15 min chart , RSI seen at near oversold level , trend reversal is possible from current level .
2. Last 15 min candle hammer candle , if next 15 candle form as heikin ashi doji then will be sign of trend reversal .
3.BUY above 110 above last 15 min candle for target intraday 112- 115 stop loss bellow intraday support at 106.75
4 intraday support at 108 intraday resistance 112 - 115
5. on daily chart also 107-108 is very crucial support , IF 15 min candle close Bellow 106.75 then short term bearish pattern form. on daily chart above 125 will form bullish pattern .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK .!
HAPPY TRADING .
DB Corp about to breakoutIn weekly chart DBCORP is going to crossovers. 50EMA is going to crossovers 200EMA from below.this is golden crossover. It is a positive for the stock.if it moved above it and trade 140.then one can initiate buy positions with sl b3low 200EMA line.
In daily chart golden crossover already happen in September, now it retesting its 200EMa.
Recommendation:wait for golden crossover.
DB corp base formation and likely to breakout.DB corp has been in consolidation phase after downtrend. The stock is hovering near the breakout level or the resistence level for quite a while and might head for a breakout. One can take long position keeping the trendline as sl. If the trendline breaks then the stock might remain sideways before making an upmove.
128.40 need to sustain for 2 days for next up moveWe need to wait for price 128.40 need to sustain about 2 days then we can enter fresh buy in this.
Target - recent high 156
Resistance Breakout in DBCORP DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades (high momentum stocks) at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in DBCORP
BUY TODAY SELL TOMORROW for 5%
Buy D.B CorpD. B Corp looking good on weekly and daily chart ( Multi Time frame analysis)
Stock is in consolidation mode from more than 2 years after a fall from 450 level.
Technical Indicator
RSI-greater than 62 showing bullish momentum
Stock has retraced from 150 level in Sept to 119 level
Again volumes are rising on green candles looks like stock is ready for next move.
Volume action- More than 4 lakh shares delievery was taken on 21 oct
Fundamental Indicator
ROCE (10.4% ) not so good as compared to peers
Promoter holding has increased by 1.3% from June to Sept quater
FII stake has increased
Holding period 3-4 months
Accumulate in the price range of 120-108
Target- 150
SL-103
DB CORP LONG OPPORTUNITY hi everyone,
This is the chart of DB Corp Ltd.
Missed the buyinh opportunity on this stock.
Entry and SL are maked.
Hope somebody would have taken positions in this stock after this BreakOut.
DBCORP Can we see big reversal ???????NSE:DBCORP BSE:DBCORP
Time Frame – Monthly
Observations :-
* Stock trading in long term Broadening Wedge Pattern
* Good Consolidation/Accumulation & Range formation done b/w 125 - 58 zone
* Symmetrical Triangle BO already done in August month with high volume
* Today Range & Consolidation BO done on daily chart with high volume
* Today break the weekly 200 SMA of 113.30 (for confirmation wait for weekly closing)
* Weekly & Monthly closing above 125 will confirm the structure change
Resistance – 170 / 280 / 386 / 447.70
Support –Weekly 200 SMA & 85-100 zone
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
D B Corp#DBCorp D B Corp Seems to be turning Start taking slowly at CMP 109.
Bottoming out after many months of accumulation phase.
Buy opportunity According to day candlestick chart price performance or Possibility
* Today forming a large bullish candle.
* high volum high gain.
* price Breakout Bollinger upper band with high volum
* price sustain upper level showing buy interest
* Risk rewards ratio good,
* my personal view right time to entry
DB Corp : Value PickDB Corp
1. Pierced through previous swing low
2. Volume rising
3. Positive Divergence in RSI + Trading above RSI (3) 80
4. TGTs - 99 - 104
DBCORP--Ascending Triangle--LongScript coming out from bottom zone, Formed a ascending triangle pattern in the daily chart. enter after breakeven for a decent upmove
Go long on DBCORP above 105Structure looks bullish to me. I will be taking position once it closes above 105. My targets are 120,130,140. Will be exiting if it closes below 90 on daily closing basis.
I'm not SEBI registered. This analysis is purely for educational purpose. I am not responsible for your profit or loss.
Thank you
Pinnacle Trades.
