Dilipbuilcon has given excellent Breakout. Personally Holding it from 620 Level. Buy on Monday Market Open and Accumulate in Panic. This stock will be a Wealth Creator in Coming Years. Cheers!!!!!!!
DILIP BUILDCON FORMED A ROUNDING BOTTOM PATTERN IN THE DAILY CHARTS VOLUME CAN BE SEEN INCREASING AS THE PATTERN COMPLETES.
A BREAKOUT TOOK PLACE AND IT WAS ABLE TO MAINTAIN THAT PRICE.
BUY ON ANY DIP TO THE NEAREST FIBONACCI LEVEL OR GO LONG TO GET UPTO 17% PROFIT AT THE 1:1 PROJECTION OF THE CHART PATTERN, CLUSTERING WITH THE RESISTANCE LINE.
The last support is at 276, but the stock might have formed its bottom at 312.25. If it turns bullish on the way it will find resistance at levels 384, 489, 594 sequentially.
Good support is at 375 which is expected to hold, resistance is at 445, if vthe same is crossed and the stock remains bullish, intermediate term target will be 570
DBL consolidating around its 3/1 support. If it goes above 418.50 and remains bullish, a target of 544 can be seen in intermediate term. Next support is at 358.50
while the stock has been in a downtrend for a couple of weeks
tested monthly support levels for last 3 days and managed to stay above it
Catalyst : Epc project for a dam worth 601 crore
use ichimoku to trade in 15 min timeframe
long above 633 levels
Entered on 2 Aug 18 on 847.30 with a stop loss at 771.10
TSL 0.00% 0.00% update on 16 Aug 18 from 771.10 to 815.15
Current Trailing Stop loss = 815.15
In case of hitting stop loss there will be loss of 32.15 points
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NSE:DBL
