DILIP BUILDCON - Swing and Short term Idea for a 20% ROI.The stock is in uptrend and consolidation for 2 months, it has given a daily breakout out of the consolidation zone.
The stock may be picked up for a quick swing trade at cmp for a target of 5% - 480.
The stock may be picked for a good short term swing between 420-438 for a target of 573 and trailed to swing top. Shall update confirmation further on price behavior once the retest occurs in the buy area.
Dilipbuildcon
DILIP BUILDCON LTD High Reward IdeaNSE:DBL has given a very strong reversal indication. We can plan positional buy entry at retest level of 194 with stop loss of 158 (-36 Points Risk). My expected upside target would be 219 (+25), 244 (+50) & 320 (+126).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.