Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
* On an hourly scale, the stock has been sustaining above its 50 Hourly Exponential Moving Average which shows a positive move in the counter.
* On a daily scale, the stock has bounced back from of its lower band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.
* Moreover, the stock has bounced back after taking a support of around 400 level which is 78.6% retracement level of its previous move from 370.85 level to 511 level which suggests a positive move in the counter.
* A daily momentum indicator RSI reading is at 41.36 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.
Buy Dilip Buildcon Ltd @421-418 Stoploss 403 Target 455
To Read Complete Report & Disclaimer Click Here
For More choiceindia Disclaimer https://choicebroking.in/disclaimer
Above views are of the author and not of the website kindly read disclaimer