🎯The chart is pretty self-explanatory as always!
🎯Observe the price action for the next week. A strong weekly close back in the zone (above 2060) will be my green light.
🎯 Of course, Other factors like Volume should be considered.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language...
Stock is near long term support trend line, more correction will provide even better opportunity to invest. Levels are marked on chart. Fundamentally solid business as well.
I 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...
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...
Dalmia Bharat may have ended a flat correction or correction may continue later if new lows are coming.
But at this moment looks like a diagonal has ended & can start afresh rally from here.
Can buy Dalmia Cements keeping stop loss of Friday low 2068 for targets of 2500-2600 in next 2-3 months..
Will check new selling or buying signal if stop loss is taken..
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.
Thisare swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
I am not sebi ragister!
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
• 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...
DOUBLE BOTTOM pattern has been formed on DALMIABHARAT breakout above the neckline/resistance zone will result in a good bullish movement.
Expected Targets are:
TP1 - 2160
TP2 - 2265.65
The stock is currently trading at 12x FY25E EBITDA and the replacement cost is ~USD 100/MT. Dalmia remains one of our top picks in the cement sector. We hosted Dalmia Bharat management for non-deal roadshows in Mumbai. The management remained upbeat on the cement demand outlook. It expects to outpace industry growth, driven by its fast expansions (organic and...
