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Lets Wait for breakout on RSI and Price action
ENTER THE TRADE WITH THE FOLLOWING LEVELS
THOSE WHO LIKE TO TRADE IN OPTIONS ONCE THE ENTRY IS MADE
"BUY DCBBANK OCT 170 CE"
EARN HUGE PROFITS, TAKE SMALL LOSSES
Check the chart.
SLIP MAY LEAD TO 160. ONLY FOR STUDY PURPOSE! NOT FOR TRADE
Trend Line Resistance.
Trail SL Once in Profit.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Gap Fill: Failed
Inside Bar Failed
Doji Live and Profitable
structure looks well , important base at 158-165 zone
upside can even be above 210 as it tested the levels multiple time . risk reward in favour on long side .
breakout for 200 sl 170
Channel Breakout seen
Long from CMP
DCB Bank has been consolidating and has formed a Cup and Handle pattern on daily charts. The stock has also closed above its 200 EMA at 179.4. The stock seems to have pulled back from the 200 EMA and is about the break out of the Cup and Handle pattern.
One can go long on this counter above 182 with Target of 187/191/197, keeping Stop loss below 174 (closing ...
Can the stock break out above its penant range and test the Cup and Handle break out region. A break out of the Cup and Handle Region can propel the stock to gain further going ahead!
DCBBANK day chart study
-Breaking out of a bullish wedge.
-Divergence on RSI, Stochastic, MACD and MFI.
-Heading towards strong resistance.
-A close over 173 should see the stock soar.
-Fundamentally sound company.
Not an investment advice. Do your own DD.
Disclosure: Not invested yet.
SL 180 On closing basis
if SL is Saved this can reach 300 and more in long term.
Expecting atleast a move to 225 (if market doesn't fall sharply). Stops below 189 (daily closing basis)
DCB: Buy in range 190-195(50%) & add more around 185 stop 177 Targets 215-225
Consolidation breakout with rise in volume, #CUPHANDLE
20DMA crossover 50DMA, #RSIBreakout
Buy DCB Bank at CMP 189 for target 198 and 210 with sl of 180