Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsBuy DCB Bank, target Rs 179: Shitij Gandhi

    Buy DCB Bank, target Rs 179: Shitij Gandhi

    Traders can accumulate the stock in a range of Rs 165-169 for the upside target of Rs 179 levels with a stop loss below Rs 156, says Shitij Gandhi of SMC Global Securities.

    Moneycontrol Contributor
    January 02, 2019 / 09:05 IST

    Shitij Gandhi

    After a V-shaped recovery from Rs 148 levels, this week DCB Bank has given a fresh breakout above its 200 days exponential moving average on daily charts.

    On the technical front, a breakout above the bullish flag pattern can also be observed above the Rs 169 levels. Traders can accumulate the stock in a range of Rs 165-169 for the upside target of Rs 179 levels with a stop loss below Rs 156.

    Disclaimer: The author is a Senior Research Analyst, SMC Global 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.
    Moneycontrol Contributor
    Moneycontrol Contributor
    first published: Jan 2, 2019 09:05 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347