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...
DALBHARAT
Forming inverse head and shoulder
Should give breakout above 2430
Looking target 2480-2500-2600++
very short term.
Keeping on radar Dalbharat 2500 CE.
NSE:DALBHARAT
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
NSE: 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...
NSE:DALBHARAT
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Dalbharat ltd make cup and Handel pattern and ready to breakout.
After breakout target set according to the momentum and volume
Notes:- we are no SEBI register and this post is only for education purpose
Thank you
Dalmia Bharat Ltd
Good buy at CMP - 2105
Reversal towards an uptrend :)
1st Target - 2305
2nd Target - 2466
RSI - 45 towards an uptrend
Just Below its 50 Days MA - but it would cross it :)
