Long DCB Bank
Logic- as we have seen good consolidation in the stock even after a sharp fall in nifty and bank nifty, so once market starts to recover DCB should lead the rally.
Stock is trading above breakout levels of 220.
Its a buy
SL 214, which is todays low.
Please maintain Stop loss, as market will be volatile and any bad news can...
BUY DCBBANK in NSE CASH at 200 with stop-loss of 197 and target of 206.
Stop-loss is no closing basis. Can also wait for a intraday swing to buy lower.
DCBBANK has crossed ichimoku cloud and is way on its up-wards journey. Short term investors may be interested in such an opportunity
Weekly Supertrend in the green = Long Term Trend Up
Daily William%R bouncing from oversold zone = Short Term Pullback Over
Stock taking support at Trendline and near 50% Fibonacci Level = Demand Zone
Bullish Engulfing Candlestick Pattern = Strong reversal sign
Buy with a stop at Rs.189.50 for a target of Rs.213 and above