DBCorp Retest Done---Heading towards 130DBCorp recently gave a BO above 92 levels and moved quickly to 105, now retest done yesterday. Should start further move :)
DBCORP trade ideas
D B CORPThe media co owns DAINAK BHASKAR. It has given reversal signals in higher time frame suggesting 120 & then 175 as possible targets as long as it does not breach 85. It has minor resistance near 100. This is a medium term outlook based on weekly and monthly time frame
Bullish case for DB CorpDb Corp has broken out of its post crash consolidation by clearly crossing the resistence line at 89 with fairly high volumes.
As long as the stock stays above 90, we can expect higher levels in the short term.
The 50 % Fibonacci price retracement level comes to 102 odd. This matches a short term price resistance level on the chart at 104.
Otoh, the 78.6 % Fibonacci price retracement level comes to 127.95 which is close to a technical resistance in the chart at around 123.
Cmp 93
Sl (closing basis) 89
Tgt (short term) 104
Tgt (medium term) 123
Happy trading.
► Bottom Fishing Pick #1: DBCORP ◄► Bottom Fishing Pick #1 ◄
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📌 Buying Level:
Entry: ▲ 90
SL: ☢ 82
Target: ➚ 110/130/150
Thank you. Happy Trading!!!
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✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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DBCORP ChannelDBCORP is into a daily channel after moving out from weekly downtrend. Positive signs ahead post breakout.
DBCORP Trend ChangeDBCORP has broken out of the weekly downtrend and seems to be setting up for a positive move
DB CORPStock is on a upward move and taking support consistently at same levels after accumulation over a long period of time. RSI and MACD looking good on daily and weekly charts.
Targets 87, 104
Not a registered SEBI Advisor. Charts are for personal trading purpose.
DB CorpStock has come of a downward channel on higher time frame.
On daily time frame the price has formed a expanding traingle.
Price is at the bottom of range and is a buy.
DB Corp Investment IdeaDB Corp came down from the highs of 440 to the levels of 155 in last 2.5 years and now showing recovery signs. It is available at a PE of 12.8 and PEG of less than 1. PB of 1.9 is on slightly higher side. Buy this share for a target of 235, 280 and above with a stop at 160. Do your own research before investing.
dbcorp looks bullish in medium termin weekly, price bounced from horizontal support zone and horizontal channel support.
In daily, regular bullish divergence seen here.
sl - 283, 1st tgt - 350, 2nd tgt - 415.
LongGoing Long on Current with Stop on previous Low , Expecting it to make a short term target of 309+
DB Corp enters uptrend for shot durantionAs after long series of downtrend on daily chart DB Corp closed above at 298 kicking the downtrend series candle that closed at 294 to change its direction for short term period in uptrend, so one can enter it for short term buying maintaining strict stop loss of 289, can trail stop loss if 317 price
DBCorp best stock Long term InvestmentIf someone want to buy stock for long term..can consider DB Corp....FII also increased their stake in Dec 17 quarter
DB Corp - Investment View.Stock is at Support Zone.
Last Year Falling Trend Line Break Out.
Trend Line Support.
Above 78.6% Fibbo.
Near Last Year Low.
Investment View.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Please Consult Your Financial Advisor Before Taking Any Decission.
I am not SEBI Registered Financial Advisor.
Approaching resistance zonesStock has had a decent run in the past couple of months but now faces multiple resistance levels. Recent run has not been on outstanding volumes hence difficult to carry forward momentum and break up upper end.
Good possibility of it inching 4-5% higher and then seeing a decline.
Target 350
