This is to share the technical analysis with you all!
* Technical pattern: Rounding bottom in 30mins TF
* Broken horizontal resistance with powerful Bullish Candle
* Best range to enter 222-220
* Looking good for upside movement up to 15-18%
DBREALTY near Ascending Triangle BO. Once the pattern breakout occured, there is a high potential to deliver 26% return in mid term. Very good volume buildup is also seen.
CMP 282
Support 260
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
#DBREALTY
CMP ₹.206.6
Date : 28/11/23
1) A turn around company with loss to profit
making.Weak but improving fundamentals .
Highest recovery of stock value from 52 week low.
2) Recently promoters sold nearly 3% stake
with them to clear the entire debt.
3) Hopefully a smooth ride can be
enjoyed for the coming days
Disclaimer : Post only for...
Stock got out of 13 years consolidation with huge volumes and sustaining the levels. Company is officially become debt free. Realty sector is already on fire mode. This stock may see good upside levels here on.
Decade-Long Breakout:
Breakout event occurred after a substantial 10-year timeframe.
Indicates a profound shift in the stock's long-term trajectory.
Strategic Consolidation:
Extended consolidation period observed at breakout levels.
Implies a meticulous accumulation of market forces before the breakout.
Volume Validation:
Breakout supported by robust...
