Stop Loss: Rs 236
Target: 267
DB Realty Ltd (DBREALTY) has witnessed a breakout from a well-defined Cup & Handle chart pattern on the daily timeframe, accompanied by a strong bullish candlestick, indicating a potential continuation of the uptrend. The breakout is supported by above-average volume (based on the 20-day average), suggesting renewed buying interest. Technically, the stock is trading firmly above its 20, 50, 100, and 200-day EMAs, highlighting the strength of the prevailing bullish trend. Additionally, the Relative Strength Index (RSI) stands at 67.98 and is trending higher, reflecting strong bullish momentum and further upside potential in the near term.
(Kunal Kamble, Sr. Technical Research Analyst at Bonanza)
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