13-June-2024 | Swing Stock Advice | Premium

# CMP on July 11, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 243.
^ The returns are calculated based on CMP#

DCB Bank is an Indian commercial bank operates through Treasury operations, Retail Banking, Wholesale banking and other segments. The company
offers different products such as Current accounts, savings accounts, fixed deposits, portfolio investment schemes, small credit, MSME credit, car and
home finance etc. As of March 2019, the bank has operated through 333 branches and 504 ATMs across India.

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Technical Observations (weekly)

DCB Bank is an Indian commercial bank operates through
Treasury operations, Retail Banking, Wholesale banking
and other segments.
The company offers different products such as Current
accounts, savingAttached weekly timeframe chart of
DCB Bank Ltd is signalling that the stock price was
moving in a larger consolidation pattern in the last few
years and is currently making an attempt to reach the
upper boundary of the pattern.s accounts, fixed
deposits, portfolio investment schemes, small credit,
MSME credit, car and home finance etc. As of March
2019, the bank has operated through 333 branches
and 504 ATMs across India.

Technical Observations (weekly)

DCB Bank is an Indian commercial bank operates through
Treasury operations, Retail Banking, Wholesale banking
and other segments.
The company offers different products such as Current
accounts, savingAttached weekly timeframe chart of
DCB Bank Ltd is signalling that the stock price was
moving in a larger consolidation pattern in the last few
years and is currently making an attempt to reach the
upper boundary of the pattern.s accounts, fixed
deposits, portfolio investment schemes, small credit,
MSME credit, car and home finance etc. As of March
2019, the bank has operated through 333 branches
and 504 ATMs across India.

Technical Observations (daily)

The stock price has taken support above the
trendline, which also acted as strong support in
recent past too.
The closing is above 5 EMA and 10 EMA
crossover on daily charts.

Technical Observations (daily)

The stock price has taken support above the
trendline, which also acted as strong support in
recent past too.
The closing is above 5 EMA and 10 EMA
crossover on daily charts.

Conclusion - Dcb Bank Share Price Forecast

Based on our short term trading calls, DCB Bank share price target will be 248 – 250 in the next few days.

Money Management And Trading Rules

1) It's advisable not to enter/exit beyond the recommended range.

2) Strictly follow the StopLoss as mentioned. Honour it.

3) Use trailing StopLoss to retain profits.

4) Diversify trading capital into our other technical recommendations.

5) Risk only the money what you can afford to lose. Hedge accordingly.

Conclusion - Dcb Bank Share Price Forecast

Based on our short term trading calls, DCB Bank share price target will be 248 – 250 in the next few days.

Money Management And Trading Rules

1) It's advisable not to enter/exit beyond the recommended range.

2) Strictly follow the StopLoss as mentioned. Honour it.

3) Use trailing StopLoss to retain profits.

4) Diversify trading capital into our other technical recommendations.

5) Risk only the money what you can afford to lose. Hedge accordingly.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth
knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management.
Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical
Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts,
USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

Disclosure: The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click