Dalmia Bharat Ltd. – Technical Analysis and Key Levels to Watch

As of today, Dalmia Bharat Ltd. is trading around ₹1,910.35. The stock has been consolidating in a defined range, with key levels providing important insights into potential future price movements.

Key Price Levels:

• Immediate Resistance – ₹1,966 (5.02% above current price):

The stock faces its first significant resistance at ₹1,966. A breakout and sustained move above this level could signal a bullish trend continuation.

• Next Resistance – ₹2,060.90:

If the stock manages to break ₹1,966 with strong momentum, the next upside target would be ₹2,060.90, representing the next key resistance zone.
Support Levels:

• ₹1,910:

This is the current level, which has been tested multiple times and is acting as immediate support.

• ₹1,847

: A stronger support zone, which has seen significant accumulation as indicated by volume profile analysis.
[

• b]Technical Indicators:

• Volume Profile
  

: There is notable accumulation around the ₹1,800-₹1,850 range, showing strong buying interest. The high volume in this area indicates it as a solid support zone.

• Moving Averages:

The stock is trading close to key moving averages, including the 200-day moving average. A decisive breakout above these averages would reinforce the bullish outlook.

• RSI (Relative Strength Index):

The RSI is currently neutral but trending upwards, suggesting the stock is gaining momentum without being in overbought territory.

*Potential Scenarios:

• Bullish Breakout:

• A breakout above ₹1,966, especially with strong volume, could lead to a further rally toward ₹2,060.90 and beyond. This would confirm a bullish trend reversal.
  
• Failure to Breakout:
  

• If the stock fails to break above ₹1,966, we may see it retest the support zones at ₹1,910 or ₹1,847, leading to further consolidation.
  

Conclusion:
The ₹1,966 level is the immediate resistance to watch closely. A breakout above this level could unlock significant upside potential, with the next target being ₹2,060. However, failure to sustain above this could lead to consolidation in the range of ₹1,847-₹1,966. Traders and investors should monitor these levels for potential trading opportunities.