Cease Loss: Rs 236
Goal: 267
DB Realty Ltd (DBREALTY) has witnessed a breakout from a well-defined Cup & Deal with chart sample on the every day timeframe, accompanied by a robust bullish candlestick, indicating a possible continuation of the uptrend. The breakout is supported by above-average quantity (primarily based on the 20-day common), suggesting renewed shopping for curiosity. Technically, the inventory is buying and selling firmly above its 20, 50, 100, and 200-day EMAs, highlighting the energy of the prevailing bullish development. Moreover, the Relative Power Index (RSI) stands at 67.98 and is trending greater, reflecting robust bullish momentum and additional upside potential within the close to time period.
(Kunal Kamble, Sr. Technical Analysis Analyst at Bonanza)
(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)
