Timeframe: 1D | CMP: ₹495.60 | Change: +2.68%
DBL is currently trading near the lower trendline of a well-defined ascending parallel channel, indicating a potential support zone around ₹480–₹490.
The price has respected this channel multiple times in the past, suggesting strong trendline reliability.
Technical Highlights:
🔶 Ascending Channel – The long-term bullish structure remains intact.
🔹 RSI: Recovering from the 40–45 zone, hinting at a possible reversal from oversold territory
🔹 Volume: Gradual accumulation seen near lower channel support.
Buy Zone: ₹485–₹495
Target 1: ₹545
Target 2: ₹595
Stop Loss: ₹470 (Daily Close Basis)
Bias: Short-term bullish, medium-term accumulation.
Disclaimer:
Not a buy/sell recommendation. I'm Holding @ 490
DBL is currently trading near the lower trendline of a well-defined ascending parallel channel, indicating a potential support zone around ₹480–₹490.
The price has respected this channel multiple times in the past, suggesting strong trendline reliability.
Technical Highlights:
🔶 Ascending Channel – The long-term bullish structure remains intact.
🔹 RSI: Recovering from the 40–45 zone, hinting at a possible reversal from oversold territory
🔹 Volume: Gradual accumulation seen near lower channel support.
Buy Zone: ₹485–₹495
Target 1: ₹545
Target 2: ₹595
Stop Loss: ₹470 (Daily Close Basis)
Bias: Short-term bullish, medium-term accumulation.
Disclaimer:
Not a buy/sell recommendation. I'm Holding @ 490
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Disclaimer
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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.