Hello Friends,
Today's Pick : DB Reality Ltd.
The Stock is not much on radar of retails investors, Found it While tracking Real Estate Stocks.
Looking amazing on charts.. For me Charts are everything as they reflect everything happening in the stock. Unfortunately in Indian Markets we find lack of liquidity which sometimes can lead to Manipulation in stock prices. But as I said, Charts predict everything and they tell us the accumulation in stocks well before the move stocks. Finding such stocks is a little tough process as in Bull Market everything moves up and you have to search real "Breakouts".
Let's See What charts say :
We will look at the Daily Charts in this case for a clear long term view..
First Chart shows a Long term Falling trend, exactly following the trend line, at the recent period, stock has given a breakout from the falling trend after a consolidation move for last few months. The Stock might be accumulated by the Investors for a good long run. The Volume are rising in this counter is an addition to the confirmation.
In the Second chart which is also on the daily time frame, we see a chart formation while breaking out from the falling trend. the Chart Formation is "Inverted Head and Shoulder" pattern which is considered highly reliable and gives good results. The Price got a Breakout from the Neckline of the Head & Shoulder Pattern around 55 levels and the Height of the Head area is approximately 22 points or 22 Rs. Which gives a Price Target of approx 77 rupees for the Stock.
The Third Chart is same chart focused on the latest developments.. Here we see a Strong Pin Bar Reversal near the Lows and High Volumes supporting the breakout of the stock from falling trend. Simultaneously the stock is forming a FLAG pattern with a pole height of approx 15-16 points. It is assumed that the price will move by min 15-16 points above 57 levels to give a FLAG Breakout.
These are all Technical Views which are based on Daily Charts, indicating any price movement towards the Targets will take time and it is not expected to move in a Single day. So Do not enter with speculative bets in the trade. These recommendations are purely for Investment purpose.
Recommendation :
BUY DB REALITY LTD. at 55-57 range, with a Stoploss of 51 Rupees and a Price Target of 66 - 72 -78 - 88 and Later 100+
Book at least 30% profits around 75+ levels and move stoploss for remaining qty around 61 levels to hold remaining qty.
Follow Strict Risk Management Before Entering the Trades and Consult your Investment Adviser for guidelines. "Do not jump in the trade" without considering the risk.
Enjoy Trading, Trade Safe, Trade Wisely !!
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Disclaimer :
The Analyst May or May not have trading positions or Investments in suggested Instrument, The Trade is Long Term and the Analyst may recommend the trade to his clients time to time for short term trading. short term reversal trades May be advised in this duration and it will be according to the charts.
The Analyst is a SEBI Certified Investment Adviser and Global Market Expert having Vast experience of Financial Markets in India and Across the Globe. Running Analysis Services and Advisory since Last 6 years for clients across the world in Stock Markets, Forex, and Commodities.
Contact Details ::
WhatsApp & Telegram +91 8275 298 208 / Email : 4x.magician@gmail.com
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