This is after being down 85% from 350 to 50 Plan - Consider to Buy above 140 - and/ or Rejections near 100 or even 70 PB 1x PE 11x DE 0.1 ROCE 10% DivY 4%
An Ascending triangle is seen in DBCORP, Long entry can be taken here.
DB corp may give breakout from triangle RSI taken support on weekly time frma at 40 Falling wedge broke in higher time frame of 4hr 1hr time frame inverted H&S broke now one ressitance of 0.5 Fib level and main swing high resistance of 104.5 than it may be bullish for longer period of time
Self explanatory chart coming out of a Rectangle pattern after 2 failed attempts to breakout. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the...
#DBCORP DB Corp Ltd CMP: 81 Target I: 103 Target II: 115 If u like my work, kindly LIKE SHARE & FOLLOW for latest stock recommendations. :)