MENU

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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

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

Observations:

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

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337

 

Above views are of the author and not of the website kindly read disclaimer