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DALMIA BHARAT LIMITEDDALMIA BHARAT LIMITEDDALMIA BHARAT LIMITED

DALMIA BHARAT LIMITED

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DALBHARAT trade ideas

Unlocking Opportunity Within Dalmia Bharat's Weekly Triangle PatI am excited to delve into the intriguing scenario currently unfolding in Dalmia Bharat Limited's (DALBHARAT) weekly time frame. The company's shares exhibit a classic triangle pattern, which presents a compelling opportunity for both aggressive and conservative investors alike. The Setup Since late December, DALBHARAT has been confined within a symmetrical triangle, characterized by a horizontal resistance line and an ascending support line. The stock has experienced minor fluctuations around the support trendline, suggesting robust buyer confidence. Recently, the price has broken through the support line, signaling a potentially bullish outcome. DALBHARAT Weekly Triangle Entry Strategy For those seeking immediate exposure, a breakout above the triangle's upper boundary, confirmed by increased volume, would suggest a viable entry point. However, for those preferring a more cautious approach, waiting for a definitive breakout beyond the $1,639 mark, the highest peak within the triangle, might prove advantageous. Stop Loss and Profit Target To manage risks effectively, a stop loss should be positioned beneath the lowest point of the triangle's base, ensuring minimal losses if the price reverts to the triangle's support line. Conversely, a profit target can be established using the height of the triangle, measured from the breakout point to the nearest extreme of the triangle. Adding or subtracting this measurement from the breakout point yields a reasonable profit objective. Potential Outcomes If the breakout proves successful, the stock could experience a rally, which aligns with historical targets suggested by other sources. Alternatively, if the price fails to sustain itself above the triangle's upper boundary, a correction back to the triangle's support line could ensue. Conclusion This technical analysis highlights the potential benefits of Dalmia Bharat's weekly triangle pattern. By employing sound risk management principles and adhering to strict entry and exit criteria, investors stand to benefit from the stock's anticipated trajectory. Remember, however, that no technical analysis guarantees outcomes; thus, due diligence remains essential.
NSE:DALBHARATLong
by stocktechbot
Potential Trading Opportunity in DALBHARAT Potential Trading Opportunity in DALBHARAT: Double Bottom Formation at Key Support Levels DALBHARAT has undergone a healthy correction from its recent peak and is currently trading at a significant confluence of support levels, including its trendline support and the 200-day Simple Moving Average (SMA). This convergence suggests a potential opportunity for the formation of a double bottom pattern on the daily chart, signaling a potential uptrend reversal. Should the price rebound from this support zone, there is a possibility of a substantial 20% upside movement from current levels. However, failure to sustain above the critical level of 2050 could indicate a lack of buying interest, potentially leading to further downside. In the scenario of prices breaking below 2050, a downside target range of 1940 - 1875 emerges as a compelling buying opportunity. This zone offers a favorable risk-reward profile, with a relatively low risk of approximately 5% and the potential for significant returns of 30% to 35%. Investors and traders may consider monitoring DALBHARAT closely for signs of price action around these key levels, as they could provide valuable insights into the short to medium-term trajectory of the stock.
NSE:DALBHARATLong
by LiveTradingBox
3
DALBHARAT has 55% upside open from CMP...15% in near term.Another day another Cement stock! The cement sector does not seem to have any shortage of upside potential even in 2024. Another stock with a good trading setup is DALBHARAT. The stock is entering into wave III of Wave III of Wave 3(i know it sounds crazy but that's how the extensive sub-division of cement stocks has been) INR 2260 which happens to be reversal point today intraday for the stock will act as a crucial support for the stock. INR 2600 could be the very near-term target on the stock while INR 3500 will the target for those who wish to hold this for a bit longer duration. The Risk-reward from current levels can not really get better.
NSE:DALBHARATLong
by neeraj_2_sharma
All time hight • Value in the chart is similar to Mount Everest in series. • Left shoulder start building from July 2021 to September 2021. • Left shoulder High 2300-2370 life time. • Header and shoulder pattern breakout in the dalmiabharth chart. This level, which peaked in July 2021 and acts as resistance, descends to the 1840 level (50 SMA Weakly chart). Right shoulder encounters resistance between 2280 and 2300, with a downward (100sma) support level of 1860–1870. Header formation from 2300 level to 1200–1220 (200sma) level was accomplished over a two-year period. Today's stock closed above this level, confirming that the stock has broken out at the 2290-2300 level and that it has sustained all-time high levels. • This pattern's target is 3300, with a stop loss of 2190 points below this level as the baseline. No recommendation for buy and sell Take your own analysis
NSE:DALBHARATLong
by investigationofchart
DALBHARAT - Bullish Swing Reversal with VolumesNSE: DALBHARAT is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:DALBHARATLong
by BrahmaBull31