1. DB CORP seen Bullush monthly chart setup at current level so as pick potential multibagger year 2023
2. Monthly Resistance breakout seen on chart above 120 level
3. currenly trading at upper channel
4. Golden cross 44,200 hma seen since stock trading uptrend , above 44,100,200 HMA
5. RSI above 60, above wma, RSI & ema positive crossover seen , currently RSI at 60.55 Strongly Bullish
6. Potential upside 40-50% from current level in year 2023
7. Entry 120-130 level Target 150-175-200 stop loss 100
THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk !
HAPPY TRADING ......WISH ALL HAPPY & PROSPEROUS NEW YEAR 2023
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Daily chart setup --update 12/01/2023
consolidation seen on daily chart low level 120-122 and high level 135-137 . which is also demand zone after resistance breakout above 120 .
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EDUCATIONAL TIP -- IDENTIFY TREND LINE SUPPORT
* Trendline support is very crucial point where stock either reverse trend from downtrend to uptrend , or if fails then continuation of downtrend as breakdown.
* Through candle formation sign we can identify support confirmation of this trend reversal , if doji , Hammer candle form at low level support of channel or trendline support level and next candle bullish green with no pin bar downside then we can make entry at next candle and most of time this level reward is much higher then the risk. !
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At last closing session on db corp on daily chart setup , retest breakout level 120-122 and close above 122, hourly chart doji candle at this level positive for next move, above 125 uptrend confirm on daily chart . 28/01/2023
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unless 99-100 level hold on daily closing basis , setup is intact .
UPDATE ;; 05/02/2023
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consective hammer candle on daily chart double botom formation 102-103 level , RSI at Oversold, and stock at make or break level. double bottom at this level is look Positive , lets see tomorrow.
update : 10/02/2023
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DOji daily candle after consecutive red candles indicate , pullback from oversold zone , new Entry this level at more in favr of rewrard then risk.
update ; 19/02/2023
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DB corp on hourly chart seen trendline breakout last session , DAILY trendline breakout above 102 level daily candle closing.
UPDATE : 9/03/2023
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UPDATE : 9/3/2023
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UPDATE : 10/3/2023
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lets have weekly chart finding Trend reversal doji candle form at channel support this week after consecutive bearish red candle .
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update 10/03/2023
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update : 13/03/2023
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" there is something more interesting hidden under the line " see above chart .!'
update : 14/03/2023
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UPDATE : 16/03/2023
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UPDATE : 17/03/2023 --intraday setup --15 min chart
Thank you for your valuable contribution to the Tradingview community and keep up the good work!
champtrade111
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@johntradingwick, Thanks for support and words of appreciation ...it means a lot. !!
YesvSpeedyStock
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I bought yesterday @ 132
champtrade111
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@HR2526, keep stop loss at 99-100 and atleast 6 month -1 year view . for good return , 120-125 is strong support, 150 short term target, 180-200 long term ( 1year ) target
vipinshree613
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sir i bought at 298rs on 13th march.. plssuggest targt , stoploss, is this correct stock
Thank you for your valuable contribution to the Tradingview community and keep up the good work!