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DALMIA BHARAT LTD

Dalmia Bharat Ltd. – Technical Analysis and Key Levels to Watch

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As of today, Dalmia Bharat Ltd. is trading around ₹1,910.35. The stock has been consolidating in a defined range, with key levels providing important insights into potential future price movements.

Key Price Levels:
  • Immediate Resistance – ₹1,966 (5.02% above current price):
The stock faces its first significant resistance at ₹1,966. A breakout and sustained move above this level could signal a bullish trend continuation.
  • Next Resistance – ₹2,060.90:
If the stock manages to break ₹1,966 with strong momentum, the next upside target would be ₹2,060.90, representing the next key resistance zone.
Support Levels:

  • ₹1,910:
This is the current level, which has been tested multiple times and is acting as immediate support.
  • ₹1,847
: A stronger support zone, which has seen significant accumulation as indicated by volume profile analysis.
[
  • b]Technical Indicators:

  • Volume Profile
: There is notable accumulation around the ₹1,800-₹1,850 range, showing strong buying interest. The high volume in this area indicates it as a solid support zone.
  • Moving Averages:
The stock is trading close to key moving averages, including the 200-day moving average. A decisive breakout above these averages would reinforce the bullish outlook.
  • RSI (Relative Strength Index):
The RSI is currently neutral but trending upwards, suggesting the stock is gaining momentum without being in overbought territory.

*Potential Scenarios:
  • Bullish Breakout:

  • A breakout above ₹1,966, especially with strong volume, could lead to a further rally toward ₹2,060.90 and beyond. This would confirm a bullish trend reversal.
  • Failure to Breakout:


  • If the stock fails to break above ₹1,966, we may see it retest the support zones at ₹1,910 or ₹1,847, leading to further consolidation.


Conclusion:
The ₹1,966 level is the immediate resistance to watch closely. A breakout above this level could unlock significant upside potential, with the next target being ₹2,060. However, failure to sustain above this could lead to consolidation in the range of ₹1,847-₹1,966. Traders and investors should monitor these levels for potential trading opportunities.

AngshumanSaikia
Also on:
Chart PatternsTechnical IndicatorsTrend Analysis

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.
Chart PatternsTechnical IndicatorsTrend Analysis
AngshumanSaikia
Also on:

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.