DCB Bank Ltd: Techincally hit

As stated in the previous post, the stock was looking good to take support at 50 level... Eureka stock did took support at those levels.. now once again it is aiming to test the previous high (oops am I expecting this too early or should I wait for one more closing)

Let see what time has in store for us.

Happy investing :)

DCB Bank Ltd

The stock gave a sell signal when it was not able to sustain above 60.. but still traded above the trend line for couple of days..

Will this move against the trend of banks in general and dip south or will it test the 60's again..

Interesting to see.

Happy investing

Disclaimer: I hold some investment position in the stock @ various prices

DCB Slow and steady

Daily chart

Weekly chart

As posted earlier, the stock is trading above the long term trend line supported by some excellent results. Will it be able to cross 60 and than 65? Will be very interesting to know :)

Happy investing

Disclaimer: I hold investment position in DCB Bank

DCB interesting stock

I will post three charts of DCB for 3 days, tell me your opinion on the way going forward:

Chart of 2nd Jan 2014

3rd Jan 14 stock took support at long term trend line in red and 6th Jan 14 it continued to trade above the weekly trend line.

7th Jan 14 took support @ weekly trend line and continue to trade above it.

Will it continue to take support @ weekly trend line or test the monthly trend line again..

This will be interesting to watch..

Happy investing :)

Disclaimer: I own shares in the company and continue to hold them as of date