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Dilip Buildcon Ltd.
CMP: 351
Target: 377 / 432
SL: 317
DBL trade ideas
Dilip Buildcon - No end to woes. Short at Current LevelsDilip Buildcon - No end to woes. Short at Current Levels
On WatchlistBorrowing and liabilities are increasing year by year so the interest. Company is maintaining good sales but PAT was not good last year.
BullishDBL chart is nicely following supports and resistance it seems. Support at 422, short term target is 544
Appears bearish in short termUnless it breaks 1/1 descending line, it will continue to follow the descending line. We will see in a week if bullishness returns
Red candle but bullishEven though DBL has closed in red, but it has managed to close above 1/1 ascending Gann fan and is expected to turn bullish in short term. Next resistance will be around 1200.
2 main reasons to go bullish on Dilip Buidcon #DBL2 main reasons to go bullish on Dilip Buidcon:
1.Buyers zone : Big Green Candles
2.Inside Bar break out - watch out above 853
Plan :
Buy if the price cross 853 and it will go all the way to
1. 915 - Previous structure
2.1014 - 50% fib then to 618 - 1061
Dilip Buildcon - Correcting in Wave ADilip Buildcon - Completed 5 waves up, now correcting in wave A. Took support at 200DMA. If it breaks 840, there is no near support until 600. Breaking 840 will lead to a steep fall.
DBL bullish stock.A real technofunda stock 1600 levels easily visible with a year.once crossed the channel upwards no resistance or least resistance.
DILIP BUILDCON - BULLISH SIGNDBL
CMP 1114
Target 1280 plus
Stop 960.
Daily Chart
1) Stock has bounced back convincingly after a long period of cup based consolidation.
2) Stock has also bounced back from 30 day ema support.
3) Relative Strength bounces back from support.
Strategy
Aggressive traders can buy at CMP.
Conservative traders can buy at possible retracements around 1170 to 1115 levels; but should be prepared to miss out if rally continues without retracement.
Target 1280 plus and Stop at 960.
