Buy DALBHARAT - Target of Rs.1723 to Rs.1800
Report on Dalmia Bharat Ltd.
- On the daily timeframe, the stock has given “Ascending Triangle Pattern Breakout”, which indicates bullish strength for the near term.
Report on Dalmia Bharat Ltd.
- Moreover, the stock has been moving above 200-Days “Simple Moving Averages” that supports the bullish trend for the long term.
- The Volume has been rising gradually, which suggests the buying interest among the traders.
- The price has breached the prior resistance and sustained above upper “Bollinger Band” formation that shows the bullish momentum.
- A momentum indicator RSI & Stochastic witnessed positive crossover on the daily chart.
- Hence, we are recommending buy in DALBHARAT at CMP 1639 for the upside target of Rs. 1723 &1800.The stop loss for positions should be placed below Rs.1555.
|
Recommendation |
BUY |
|
Buying Level |
1639 |
|
Stoploss |
1555 |
|
Target 1 |
1723 |
|
Target 2 |
1800 |
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