DLC Dewan Cement Mid Term Analysis 29 March 2013
DCL Dewan Cement bullish bias above 4.97
Our Preference: Buy DCL as long as 4.97 is sustained as support with target at 5.47
Alternative Scenario: Downward Penetration of 4.97 will call for 4.92 and 4.98
NOTE: DCL have generated an upward channel since last few weeks and have fulfilled its 38% correction but 50% correction falls on 4.97 which also falls on lower edge of its upward channel so that level is going to be a strong support. Buying can be initiated with a strict stop loss of 4.97 and profit target of 5.47, closing above 5.47 will call for a new era of bullish trend.
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John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
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