DCB BANK LTDLong
DCB Bank - Symetrical Triangle
Scrip can see reversal owing to
1) %william near oversold situation
2) Good fundamentals - Share accumulation by investors due to good YoY results - DCB Bank Q1FY18 standalone net profit rises 38.7% yoy
indiainfoline.com/article/equity-earnings-result-commentary/dcb-bank-q1fy18-standalone-net-profit-rises-38-7-yoy-to-rs-65-2-crore-117071500209_1.html
After breakout confirmation, Bullish run expected beyond 52-week high Resistance (C)
Support can be taken as per chart
1) %william near oversold situation
2) Good fundamentals - Share accumulation by investors due to good YoY results - DCB Bank Q1FY18 standalone net profit rises 38.7% yoy
indiainfoline.com/article/equity-earnings-result-commentary/dcb-bank-q1fy18-standalone-net-profit-rises-38-7-yoy-to-rs-65-2-crore-117071500209_1.html
After breakout confirmation, Bullish run expected beyond 52-week high Resistance (C)
Support can be taken as per chart
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