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    HomeNewsBusinessBuy DCB Bank, target Rs 213: Hadrien Mendonca

    Buy DCB Bank, target Rs 213: Hadrien Mendonca

    "DCB Bank has been consolidating with a slight downward bias for the past eight trading session and is finally showing early signs of reversal, we expect it to rally towards its potential target of Rs 213 in the medium term," says Hadrien Mendonca, Senior Technical Analyst at IIFL.

    Moneycontrol News
    April 27, 2018 / 09:02 IST
       
       
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      Hadrien Mendonca

      DCB Bank has been consolidating with a slight downward bias for the past eight trading session and is finally showing early signs of reversal. The stock is on the verge of a Flag pattern breakout on the daily chart.

      A close above Rs 198 would confirm the same. We expect DCB Bank to rally towards its potential target of Rs 213 in the medium term.

      Disclaimer: The author is Senior Technical Analyst, IIFL. The views and investment tips expressed by investment expert 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.

      Moneycontrol News
      first published: Apr 27, 2018 09:02 am

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