Dalmia Bharat Ltd – Technical View
Timeframe: Daily
The stock has seen a sharp bounce from lower Bollinger Band, followed by a double-top formation (Top-1 & Top-2) near the resistance zone. Momentum is improving but price is still facing supply near the upper band and declining moving average, indicating range-bound to cautious bias.
🔑 Key Levels
Immediate Resistance: ₹2,120 – ₹2,140
Major Resistance: ₹2,180
Support Zone: ₹2,030 – ₹2,000
Lower Support: ₹1,950
📈 Outlook
Sustained move above ₹2,140 can open upside towards ₹2,180 / ₹2,220.
Failure to cross resistance may lead to consolidation or pullback towards ₹2,030–2,000.
Trend confirmation only above major resistance with volume.
⚠️ Educational view only. Not a buy/sell recommendation.
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