DCB BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in a range bound zone in daily chart, Will favor bulls once closes above 88.50. (Updated On 25th August 2014, Monday).

DCB BANK

• As per previous report published on DCB BANK, stock had shown sharp move after breaking its range bound zone @ 78 and touched its resistance 88 as mention in earlier report. (Click here to see previous report on DCB BANK).
• Now daily chart indicates that stock is again stuck in range bound zone as shown in chart no1, but once stock breaks its range then we can again see sharp move in DCB, Close Watch if stock closes above 88.50 and holds above then bulls will have strong grip in DCB,
• Intraday Trading - close watch once DCB BANK starts trading above 88.50 during market hours, if holds above then intraday bulls action is expecting.
• Suggested Reading - TATA MOTORS facing strong resistance at current levels, indicating weakness as long as trades below.
• As per graph no2 , stock is moving up from strong support zone, DCB previous resistance is now acting as a major support , and it is moving up, as per weekly chart as long as holds above trend line stock will favor short-long term traders.
• As per graph no3, stock has formed LONG LEGGED DOJI candel formation in Monthly chart, this usually indicates trend reversal, but so far no sign of weakness in DCB BANK, once DCB closes above 88.50 in monthly chart this bulls will have strong grip as per candle stick studies. Close Watch.
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