DBRealty had given a multiyear monthly breakout and had given around 50% move already.
However, stock is now retesting the breakout and might come down in range of 150-180.
Safe traders can wait for a reversal pattern like morning star or bullish harami in this zone.
Such a monthly breakout had happened in Purvankara which doubled in 3 months
As realty sector is vastly outperforming, one can expect similar move from this stock as well.
which has also posted decent Q4 results.(Not trustworthy though)
Not a recommendation.
However, stock is now retesting the breakout and might come down in range of 150-180.
Safe traders can wait for a reversal pattern like morning star or bullish harami in this zone.
Such a monthly breakout had happened in Purvankara which doubled in 3 months
As realty sector is vastly outperforming, one can expect similar move from this stock as well.
which has also posted decent Q4 results.(Not trustworthy though)
Not a recommendation.
Note
Stock has shown rejection from 180. Retest might have been completed.Note
Made a low of 156 and now back to 190. Retest is done. Big move comingNote
220+ today. This has started
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.