Dalbharat- A Long Term Trendline BreakMultiple touches marked on the trendline for the reference.
Repeating once again that if a resistance is being tested again and again it becomes weak with every touch.
Along with multiple touches we can now also see that price is sticking to higher levels and it is now creating a triangle as well.
I have marked volumes too which will play an important role in coming days as well. I hope from my previous posts people have learned important of volumes.. Can be a good bet.
Keep an eye folks . Happy Trading.
Disclaimer:- I am not SEBI registered . Trade with caution and your own risk.
DALBHARAT trade ideas
DALMIA BHARAT 75 MIN & 1 D Analysis . After a good upside move of 100 points ( 480-580 ) , Price Started Consolidating At Higher Levels .
Volumes Get Dried Up. Sellers Are Not Showing Much Of A Interest .
We Need To Look For Bullish Volume Candle that can close above 570 .
And Find Opportunities there to go long For A Targets Of 595-610
Closing Below 550 Will Be A Weak Sign . Can Go till 525 .
On The Basis Of Daily Chart .
587 Will Be A Level We Look For to Get Brock With A Good Bullish Volume And Candle .
One Can Start Accumulating For Higher Targets ( Marked On Chart )
Daily Chart Attached Below .
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Dalmia Bharat - a trading buyDalmia Bharat is emerging out of a downtrend since May19. Price is emerging out of consolidation and pushing up along the upper bollinger band, RSI has moved above 60, DMI shows positive trend with ADX > 25 indicating trend strength. Expect price to move towards 950/1000.