#Short Term Cash Buy DALBHARAT@ 738 - 740.25 SL 713 TGT 785
#Above VWAP line so bullish view.
#TK cross over on 30 min and hourly chart.
# Supported by the good volume.
After a good upside move of 100 points ( 480-580 ) , Price Started Consolidating At Higher Levels .
Volumes Get Dried Up. Sellers Are Not Showing Much Of A Interest .
We Need To Look For Bullish Volume Candle that can close above 570 .
And Find Opportunities there to go long For A Targets Of 595-610
Closing Below 550 Will Be A Weak Sign . Can Go till 525 ....
Dalmia Bharat is emerging out of a downtrend since May19. Price is emerging out of consolidation and pushing up along the upper bollinger band, RSI has moved above 60, DMI shows positive trend with ADX > 25 indicating trend strength. Expect price to move towards 950/1000.
