DALBHARAT - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s a granular technical read on Dalmiya Bharat Ltd. (DALBHARAT) based on current indicators and price action

📉 Trend Summary

Current Price: ₹2,199

Trading above 50 DMA (₹2,137) and 200 DMA (₹1,971) → trend is moderately bullish

Price is in an upward channel, approaching key resistance near 52-week high of ₹2,343

Likely in a trend continuation phase, though volume weakness suggests some caution

💹 Momentum Indicators

RSI: 51.4

Neutral zone → neither overbought nor oversold

MACD: 29.9

Bullish crossover holds → indicates positive momentum continuing

Volume: ₹2L vs avg ₹5.1L

Subdued volume hints at a consolidation pause in the trend

📊 Moving Averages

Indicator Level (₹) Signal

50 DMA 2,137 Minor support

200 DMA 1,971 Strong base support

Price holding firmly above both DMAs confirms trend strength but lower volume tempers conviction.

📎 Bollinger Bands

Price likely drifting toward upper band → momentum intact but no explosive signal

Bands are slightly expanding → suggests potential volatility if volume rises

📍 Trade Plan

Zone Type Range (₹) Strategy

Entry Zone 2,135–2,170 Accumulate near DMA support

Resistance 2,335–2,350 52-week ceiling; breakout if volume surges

Exit Target 2,410–2,450 Swing targets post breakout confirmation

Support Zone 2,080–2,100 Pullback area for risk-managed re-entry

🧾 Additional Signals

DII Hold ↑ 0.94% → strong domestic interest backing the uptrend

FII Hold ↓ 0.06% → foreign sentiment mildly cautious

Quarterly PAT dipped from ₹435 Cr. to ₹381 Cr. → not critical but worth monitoring

PEG: -21.9 → valuation discomfort vs growth; risk of sentiment swings

Low debt (0.33) → balance sheet remains healthy

EPS: ₹49.8 vs P/E 44.6 → growth priced in but nearing saturation

🧭 Conclusion

Dalmiya Bharat is trending upward, with bullish MACD, price above both DMAs, and resilient support levels. Short-term momentum favors a swing toward ₹2,350+, but volume must expand for conviction. Ideal entry near ₹2,135 with targets above ₹2,400 after breakout confirmation. Maintain tight stop-loss below ₹2,080.

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