DCB Bank for positionally/swing by prajapati9951 for educational purpose.
#DCBBANK good long term opportunity PRZ-81.85 SL-80 CMP:91.95 @30 August 2021
Go Long above 88.65 for Targets of 93.75, 98.85, and 103.95 with SL 83.55 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618...
DCB BANK After touch the support it's starting recover. It's may possible to break the long term resistance
big support area plus mini double bottom area may induce some upside of 5 to 10% in one week of time SL compulsory
Candle stick formation near the support area with repeated gap up indicates some upside potential. SL compulsory
Go Long above 113.1 for Targets of 125.05, and 137 with SL 101.15 Reason to go Long : 1. The stock formed a bullish chart pattern, Cup & Handle, and it gave breakout with high volume. 2. Also the stock gave a trendline breakout.
Positive closing at this junction point turns to be for long with prior day low as sl duration 3 days
Buy @102; sl @99; target @108; @TradingView; good time to buy for a small Swing . But it many fall down in some weeks
The stock has multiple support and resistance in triangle pattern. In chart "C&H" breakout will probable give a rally of 20-25%. It is advisable to buy around Rs 110 with stop loss of 5%. Others analysis mentioned in chart itself. Note: Fundamentally stock is not recommended ,analysis is restrictedly to technical parameter only.
DCB Bank formed Cup with Handle pattern in Daily Charts, Keep a close watch on Breakout. Up move is expected soon...
According to chart anylasis DCB pull back from strong support we can buy DCB BANK near 110 for target 115 and 128 !!!
Happy Traders Zone Trade Type: Positional Analysis: HTZ-2021-001 Time Period: 7- 21 Trading Days Target 1 - 120 Target 2 - 125 Disclaimer: The content which get shared in this chart is for an information & our team perspectives only. Please do your own analysis or consult your financial adviser before taking any trading decisions.
Entry level 105 - 113 SL: 99 T1 - 118 T2 - 125