Published on 23/10/2020 12:05:12 PM | Source: HDFC Securities Ltd

Technical MTF Pick - Buy Dalmia Bharat Ltd For Target Rs. 980​​​​​​​ - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Cement Sector #HDFC Securities #Dalmia Bharat Ltd. #Trading Report

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Technical MTF Pick - Buy Dalmia Bharat Ltd For Target Rs. 980HDFC Securities


Higher Tops and Higher Bottoms Formation on Daily charts

Ascending Triangle Breakout on the daily chart

Big volume build up along with the price rise is seen in last three weeks

Stock price has broken out from last 3 month’s consolidation

Cement Sector has been outperforming and Midcap segment in the sector could extend the rise

Indicators and oscillators like ADX, RSI and MACD have been showing strength on the short to medium term charts

Considering the Technical evidences discussed above, we recommend buying the stock at 834-850 and average at 780, for the upside targets of 935 and 980, keeping a stoploss at 755.


Buy Dalmia Bharat Ltd @ 834-850 Upto 3 Months CMP 834.05 TGT 980 SL 755


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