Buy DCB Bank, target Rs 212: Abhishek Mondal

Abhishek Mondal

On the daily chart, DCB Bank has given a breakout from the bullish flag pattern with higher volumes and the short-term moving averages are trading above its long-term moving averages which indicate a bullish trend.

The daily Relative Strength Index (RSI) is showing an upward momentum and (+) DI continuously trading above (-) DI, Therefore, we recommend to buy for the upside target of Rs 212 and keep a stop loss below Rs 190 (closing basis).

Disclaimer: The author is Research Analyst, Guiness Securities. The views and investment tips expressed by investment experts on moneycontrol.com are his own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.