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Published on 11/02/2019 4:11:17 PM | Source: Choice Broking Pvt Ltd

Buy Dilip Buildcon Ltd For Target Rs. 390 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Real Estate Sector #Trading Report #Dilip Buildcon Ltd #Choice Broking

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* On an hourly chart, the stock has given a breakout of its Cup and Handle formation which suggests a bull run in the counter.

* On a daily chart, a sudden spurt in the volume has been witnessed during trading session which indicates an accentuate buying in the counter.

* Furthermore, the stock has started to trade above its 21 Days Exponential Moving Average which shows a positive move in the counter.

* A daily momentum indicator RSI reading is at 48.14 level with a positive crossover which points out for a positive breath in the stock.

* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.

 

Recommendation

Buy Dilip Buildcon Ltd @ 351-348 Stop Loss 331 Target 390

 

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