Development Credit Bank Ltd. CMP—Rs 58.40
Technical Outlook & Trading Strategy:-
The share price of Development Credit Bank has registered a breakdown from its cluster of moving averages. The momentum indicators remain in negative territory indicating weakness in the stock price. We expect the stock price to decline towards the level of Rs 56- Rs 55 in the upcoming session.
Short positions are recommended at current levels with a stop placed above Rs 60.40 levels.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment