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Dalmia Bharat Long opportunity

Hello All!

Dalmia Bharat has been following the lower trendline since Dec 2020. It's now again at the lower trendline and seems to be trying to reverse. This I believe is a great opportunity to go long.

Besides the pure price action, it's also nearby the 50 day EMA. Along with that, the Reward to Risk ratio is also favorable.

Risky traders may jump right in because the RR ratio is good at this price point. More Risk-averse traders may wait for the stock to break the Resistance zone.

Do let me know your thoughts on this!

*NOT A CALL*

Traders_Town

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