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
DCBBANK is looking bullish for coming days. Can find Levels on chart. Disclaimer - Only for educational purpose.
DCBBANK EQUITY levels ...19/05/2021 (D candle)
Three Weekly Tight Closing /Inside Bar/Volatility is contracting near Channel Support
DCB Bank is consolidating in a very narrow range between 88 to 94 for past one month., Today the volume is great We can expect a BO in this consolidation soon Can be entered abv 95 - And Aim for 100/105
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
DCB Bank is 3.5% up in bearish market, This shows why you need to hold stocks with good factor of safety (PB less than 1) Even if this bank will go bankrupt, my capital will be safe..!! :D Why I hold this bank stock ? - It has PB less than 1 around (0.8) - financing margin (operation margin) around 4% on average.. when for Kotak this stands at -8 to -10% :D -...
DETAILS IN CHART MANAGE RISK PROPERLY DO YOUR OWN ANALYYSIS FOR STUDY PURPOSE.
Break Out in M frame if it triggers plus fundamentals! Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I...
A good contender for a +50% return in a year. Reasons are as follows: 1. Covid Fall of DCB Bank has not been supplemented with volume. Hence, Most of the investors are still holding with conviction of rebound of value. 2. Recently breakout & did a retest on cup pattern 3. Even in the recent Bank Nifty fall of 4.8% (on Feb 26, 2021), DCB showed a good strength by...
DC bank broken triangle with volume on daily time frame made positive reversal