SUPERTREND is bullish
RSI is above 50. will get further up as price reaches our buying range
possible breakout of triangle.
moving averages are converging
DBL - Cmp 573.45
Keep on radar. Good price action seen today with huge volumes. Looks good for long with 540 sl on closing basis for targets of 607/720.
DILIP BUILDCON - WEEKLY ANALYSIS - CUP AND HANDLE BREAKOUT
CMP 591
TARGET 699- 780-900-1000-1100-1200+
SL BELOW 500
LONG TERM INVESTORS CAN HOLD FOR 2-3 YEARS GOOD ORDER BOOK
Weekly Chart Analysis :
~650 level was once support, now acting as resistance.
Recently, gave breakout and trading outside falling wedge pattern (TD line 1 & 2). Now, trading inside triangle pattern (TD line A & B ).
Buy and Hold with the view that it will give upside breakout of Cup & Handle pattern.
Dilip Buildcon Ltd
Daily Bar Chart (log scale)
Medium term outlook, Bullish View (Positional Trade Setup)
Confirmation to Buy @ CMP
Invalidation level @ 513
Upside Target: 590, 650, 810
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and...
its an educational purposes only. Due to RSI divergence we got bullish formation with a symmetrical triangle chart pattern with a beautiful trend line. We can see that its near the break out point
added dilip buildcon, for a med trm trgt of 55% = 865.
should reverse after this corrective move from 680..
have been accumulatiing from lower levels..final trgt is higher..
take a call @865 and a fall after that, if any for adding more for the final trgt of 1181...
Bullish Breakout, and Retest of Support. Has the potential to rise and give Good Gains.
T1 = 700
T2 = 800
T3 = 900
Do your own analysis before investing.
