DBCORP: Positive Trend with Buy Opportunity on DipsNSE:DBCORP : Positive Trend with Buy Opportunity on Dips
NSE:DBCORP is exhibiting a positive trend, but careful attention is needed around key levels due to possible trapped trader zones. A buy-on-dip strategy near support may provide an optimal entry point.
Support Zone: 335 – This is a strong area to consider buying on dips, with the last stop-loss set at 325 for risk management.
Resistance Levels: 375 / 396 – Resistance here could lead to temporary pullbacks. Watch for a breakout above 396 to confirm strong bullish continuation.
Price Action: The stock's behavior suggests some trapped traders, so it's essential to monitor price action closely for false breakouts. A buy-on-dip strategy near the 335 support could offer good risk-reward opportunities if the trend holds.
Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is for educational purposes only. Please perform your own research or consult a financial advisor before taking any trading decisions.
