DBCORP
DBCORP
Time Frame – Monthly
Observations:-
* Stock trading in long term Broadening Wedge Pattern
* Good Consolidation/Accumulation & Range formation done b/w 125 - 58 zone
* Symmetrical Triangle BO already done in August month with high volume
* Today Range & Consolidation BO done on daily chart with high volume
* Today break the weekly 200 SMA of 113.30 (for confirmation wait for weekly closing)
* Weekly & Monthly closing above 125 will confirm the structure change
Resistance – 170 / 280 / 386 / 447.70
Support –Weekly 200 SMA & 85-100 zone
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.