The stock **Dalmia Bharat Ltd (DALBHARAT)** is approaching a **strong multi-support zone**, making it a potential **swing trade opportunity** for bullish traders.
### **📊 Key Technical Analysis:**
✅ **Multiple Rejections at Support** – Price has tested the **1,715 - 1,708 zone** multiple times and bounced, indicating strong **buying interest**.
✅ **50-Day Moving Average Resistance** – If price reclaims above this level, a strong breakout rally could follow.
✅ **Bullish Reversal Pattern** – The price action shows **rejection wicks** at the lows (highlighted in red), signaling demand from buyers.
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### **🎯 Trade Plan – Potential Upside Targets:**
🔹 **Entry Zone:** **1,715 - 1,708** (Near Support)
🔹 **First Target:** **1,850** (Psychological Level)
🔹 **Second Target:** **1,935 - 1,938** (Major Resistance Zone)
📌 **Stop-Loss Below:** **1,672** (Below Support Zone)
🔻 **Risk Management:**
⚠️ Avoid holding if price breaks **below 1,672**, as it could lead to further downside.
⚠️ Use a **risk-reward ratio of 1:2 or better** for optimal trade execution.
### **📊 Key Technical Analysis:**
✅ **Multiple Rejections at Support** – Price has tested the **1,715 - 1,708 zone** multiple times and bounced, indicating strong **buying interest**.
✅ **50-Day Moving Average Resistance** – If price reclaims above this level, a strong breakout rally could follow.
✅ **Bullish Reversal Pattern** – The price action shows **rejection wicks** at the lows (highlighted in red), signaling demand from buyers.
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### **🎯 Trade Plan – Potential Upside Targets:**
🔹 **Entry Zone:** **1,715 - 1,708** (Near Support)
🔹 **First Target:** **1,850** (Psychological Level)
🔹 **Second Target:** **1,935 - 1,938** (Major Resistance Zone)
📌 **Stop-Loss Below:** **1,672** (Below Support Zone)
🔻 **Risk Management:**
⚠️ Avoid holding if price breaks **below 1,672**, as it could lead to further downside.
⚠️ Use a **risk-reward ratio of 1:2 or better** for optimal trade execution.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.