DCBBANK trade ideas
DCB Bank Ltd. - First Entry Initiated.Everything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
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DCB Bank LongDCB (Nse)
MTF Analysis
DCBI Yearly Demand Breakut 126
DCBI 6 Month Demand DMIP 92.25
DCBI Qtrly Demand BUFL 119
DCBI Monthly Demand DMIP 131
DCBI Monthly Demand DMIP 117
DCBI Weekly DMIP 123.55
DCBI Daily Demand BUFL 1141
ENTRY 123.55
SL 115
RISK 8.55
Target 166.45
REWARD POINT 42.9
Last High 145
RR 5.02
RR 35%
DCB bank long trade financial results are excellent. all numbers are at all time high. revenue , profit and the likes. Nice reverse head and shoulder at a key pivot level has formed. bank valuation set for a rerating. Technicals matching fundamentals nicely. Bet the house on it. without a stop loss bcos only bitches keep stoplosses
DcbbankStock name = Dcb Bank Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
DCBBANK Stock take support in previous support line and 200 DEMA dynamic support also is 113.
Bullish engulfing in downtrend chart bottom.
Good risk reward for long position.
'Paper trade' Buy above today high price cross and S.L Today Day Low
Target 128-130.
Disclaimer this is my personal view for education purpose only.
No buy sell recommendations.
DCB BANK LTDThis stock has been formed like rounding bottom chart pattern and done breakout with good intensity of volume in weekly chart, along with many more positive signs aligned with same bias in Macd, Rsi, Dmi adx, Bollinger band etc. This whole scenario is suggesting that this stock could be an investment pick, all the key levels are mentioned in chart with Stop-loss and Targets.
Breakout with good intensity of volume in daily
Breakout with good intensity of volume in weekly
Dmi adx also positive
RK momentum positive
Macd in daily positive crossover and Uptick and also above zero
Macd in weekly positive crossover and Uptick and also above zero line
Rsi in daily above 60 uptick
Rsi in weekly uptick and above 60
Weekly BBC along with trendline breakout
Daily BBC
Most traders treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you....!
Disclaimer
I am not sebi registered analyst
My studies are for Educational purpose only
Please consult your Financial advisor before trading or investing
I am not responsible for any kind of profit or loss
DCB BANK LTD (LONG)DCB Bank has taken support at 81 and moved up. now it is bullish.
Buy few quantities at 95 so that you dont miss if it spike
buy more at 88-90 to avg out
keep SL at 81
Tgt 106 (Short Term traders)
Tgt 113 - 118 (for Swing traders)
Tgt 125 (for Positional traders)
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.