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...
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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
-...
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.
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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...
![DCBBANK: [Basket] DCB Bank Investment Idea](https://s3.tradingview.com/4/4fqBpt51_mid.png "[Basket] DCB Bank Investment Idea")
