DBL looking good [strong]

Nov 12, 2021

Hii ......this is the chart of DBL on daily time frame .....it was in a downtrend from past couple of months ......but it broke the trendline...back a week ....so it gave a breakout and gave a classy retest ..according to fib levels and 50EMA it has retested the levels accordingly ....and while retesting the volume was decreasing and....... it is good when the stock gives a retest ......and the volume today traded is looking very very good .....buying the dip looking very good strategy ...but if u wanna enter now.... risk reward ratio not seems to be good ...wait for some consolidation then u can initiate a good risk reward trade ....as its earnings are announced uncertainity is over..so there can be a good trade without any news interefereance........it can touch recent highs ...be careful nera all time highs...trail ur SL strictly.....
...and keep this in your watchlist it can give a good momentum in intraday also.....
........have a profitable trading........

Nov 12, 2021

Note

error:: as of today 12th nov ,no earnings are announced today,the earnings are yet to be announced tomorrow .....