Dalmia Bharat - Cup & Handle and Inverse Head and Shoulder

14 בדצמ׳ 2023

Dalmia Bharat is making inverse head and shoulder and also a cup and handle formation. We can see price movement to 2900-3700. We can see a inverse Head and Shoulder pattern and a technical target pf 2900. And if we a longish Cup and Handle pattern, once we get confirmation, we can see price moving to 3700.

Other factors:
1. RSI is above 60
2. MACD is positive

Given the target is huge, we can expect some longer holding period.

"Clean Charts, Easy Charts"

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