Stock Radar | Time to buy? Dalmia Bharat is on verge of a breakout from a falling channel: Ruchit Jain
Hello friends, today speak for short term. This is a my call in Dalmia Bharat Cement when in last couple of trading sessions the entire cement space has been witnessing buying momentum where the price volume action is quite good. Dalmia Bharat Cement has gone through a corrective phase in last couple of months and if you look at the price action then the stock is on the verge of breakout from a falling trend line and a channel. The RSI is also given a positive crossover and hence we expect a decent pullback move in the stock in the near term. Short term traders can look to buy the stock in the range of rupees 1900 to 18180 and look to add on dips. On any kind of declines towards 1800, the stock was on the wrong positions should be placed below 17150 and the potential targets over short to medium term should be seen around rupees 2100. Thank you.