The stock **Dalmia Bharat Ltd (DALBHARAT)** is approaching a **strong multi-support zone**, making it a potential **swing trade opportunity** for bullish traders.
### **📊 Key Technical Analysis:**
✅ **Multiple Rejections at Support** – Price has tested the **1,715 - 1,708 zone** multiple times and bounced, indicating strong **buying interest**.
✅ **50-Day Moving Average Resistance** – If price reclaims above this level, a strong breakout rally could follow.
✅ **Bullish Reversal Pattern** – The price action shows **rejection wicks** at the lows (highlighted in red), signaling demand from buyers.
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### **🎯 Trade Plan – Potential Upside Targets:**
🔹 **Entry Zone:** **1,715 - 1,708** (Near Support)
🔹 **First Target:** **1,850** (Psychological Level)
🔹 **Second Target:** **1,935 - 1,938** (Major Resistance Zone)
📌 **Stop-Loss Below:** **1,672** (Below Support Zone)
🔻 **Risk Management:**
⚠️ Avoid holding if price breaks **below 1,672**, as it could lead to further downside.
⚠️ Use a **risk-reward ratio of 1:2 or better** for optimal trade execution.
### **📊 Key Technical Analysis:**
✅ **Multiple Rejections at Support** – Price has tested the **1,715 - 1,708 zone** multiple times and bounced, indicating strong **buying interest**.
✅ **50-Day Moving Average Resistance** – If price reclaims above this level, a strong breakout rally could follow.
✅ **Bullish Reversal Pattern** – The price action shows **rejection wicks** at the lows (highlighted in red), signaling demand from buyers.
---
### **🎯 Trade Plan – Potential Upside Targets:**
🔹 **Entry Zone:** **1,715 - 1,708** (Near Support)
🔹 **First Target:** **1,850** (Psychological Level)
🔹 **Second Target:** **1,935 - 1,938** (Major Resistance Zone)
📌 **Stop-Loss Below:** **1,672** (Below Support Zone)
🔻 **Risk Management:**
⚠️ Avoid holding if price breaks **below 1,672**, as it could lead to further downside.
⚠️ Use a **risk-reward ratio of 1:2 or better** for optimal trade execution.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.