According to chart anylasis DCB pull back from strong support we can buy DCB BANK near 110 for target 115 and 128 !!!
Entry level 105 - 113 SL: 99 T1 - 118 T2 - 125
DCB bank given breakout from long term dynamic resistance
DCB BANK(W): CMP LOOKS GOOD FOR MORE UPSIDE. 1) TRENDLINE RESISTANCE BREAKOUT 2) AN INVERSE HEAD AND SHOULDER + RISING CHANNEL PATTERN IS VISIBLE ON A BIGGER TIME FRAME. 3) RSI, MACD & ADX ARE BULLISH.
out perform in banking sector Good Trendline Breakout on charts Hoping for atleasst 10-15% returns in this counter within 2 months
#DCBBANK NSE: DCBBANK Short Term Quick Profit CMP 111.25 Target : 124.65 SL : 104 Timeframe < 45 Days Factors: Trend Following Inverted Head & Shoulder Pattern. Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT...
DCB bank had made a nice cup and holder pattern and given a breakout at 107. Short term target as per the pattern is around 120.
DCB Bank CMP - 103 Stop - 85 on DCB Expectation - T1 - 130 T2 - Open, Review at 130 Expected Holding Period - 120 trading days or earlier for T1 Ideas being shared only for educational purpose
FIB EXTENSION TAKEN FROM SECOND IMPULSE WAVE AS THAT WAS THE START FOR DCB SELL OFF IN 2020 AND BECAUSE FIB EXTENSION IN THIS REGION MATCHES SUPPORT RESISTANCE THE MOST WE CAN NOW SEE ITS IN A CORRECTION PHASE GOOD PRICE TO ENTER IS AROUND 94-95
This will be a multi year breakout. Also, It's a Cup & Handle break out. Let's if it will carry on this momentum. Banking sector is also poised to get into next lag of run. This stock could be an interesting one to watch out.
DCB bank who hit 120 in next1 month , so if you are confusing where to put your money put your money here... you will never regret