D. B Corp looking good on weekly and daily chart ( Multi Time frame analysis)
Stock is in consolidation mode from more than 2 years after a fall from 450 level.
Technical Indicator
RSI-greater than 62 showing bullish momentum
Stock has retraced from 150 level in Sept to 119 level
Again volumes are rising on green candles looks like stock is ready for next move.
Volume action- More than 4 lakh shares delievery was taken on 21 oct
Fundamental Indicator
ROCE (10.4% ) not so good as compared to peers
Promoter holding has increased by 1.3% from June to Sept quater
FII stake has increased
Holding period 3-4 months
Accumulate in the price range of 120-108
Target- 150
SL-103
Stock is in consolidation mode from more than 2 years after a fall from 450 level.
Technical Indicator
RSI-greater than 62 showing bullish momentum
Stock has retraced from 150 level in Sept to 119 level
Again volumes are rising on green candles looks like stock is ready for next move.
Volume action- More than 4 lakh shares delievery was taken on 21 oct
Fundamental Indicator
ROCE (10.4% ) not so good as compared to peers
Promoter holding has increased by 1.3% from June to Sept quater
FII stake has increased
Holding period 3-4 months
Accumulate in the price range of 120-108
Target- 150
SL-103