DILIP BUILDCON FOR FASTEST TRADETimeframe: 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
