DALBHARAT - At 4yrs old Resistance Level

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Technical Analysis

DALBHARAT is currently at a strong 4-year-old resistance level, which it has interestingly tested three times in the month of September.

After forming a swing low near 1597 in early March, the stock turned bullish and established a HH-HL structure. Ideally, for a clean breakout, some consolidation near this level would strengthen the move. The overall structure remains bullish, and a decisive breakout here could trigger a strong upside rally.

Fundamental Analysis

PE Ratio: 48 – on the higher side, but broadly in line with the industry.
ROCE: 5.58% and ROE: 4.15% – both relatively weak.
Promoter Holding: Strong at 55.8%.
Pledged Shares: 0% – a positive sign.

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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.

Penafian

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