Stock name = DB Stock Brokers Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
NSE:DBSTOCKBRO has broken out this week from a long term zone. The move has occurred after a nice rounding bottom that took nearly 8 years. Remember that the longer the pattern formation, larger the move.
Now if we go by classic TA, rounding bottom low from breakout zone is a 550% move (38 points in terms of number). If we go by % then there is a huge upside...
Took very small position
very risky because it is microcap
mcap 125cr
cmp 37 > Book value 16.3
Div Yield 0%
Debt 0.03
Promoter holding 36.1
pledge 55.3
So many stocks breaking out, all of them from only 1 sector
DBSTOCK looks bullish on the monthly time frame. It has been forming a Cup and handle pattern and is ready to break its neckline. RSI on the monthly time frame has already crossed 60 and is about to strike 60 on the weekly and daily time frame. Volume is increasing gradually. Even if it hits our 2nd target, we can achieve over 5 risk-to-reward ratio. One can hold...
