DALBHARAT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of DALBHARAT (Dalmia Bharat Ltd.)

📊 Trend Overview

Current Trend: Trending upward with signs of exhaustion

Price is near its 52-week high (₹2,496), indicating strong bullish momentum.

RSI at 68.8 is approaching overbought territory, suggesting caution.

MACD at 41.8 is sharply positive, confirming strong momentum.

📈 Technical Indicators

Moving Averages

Price (₹2,452) > 50 DMA (₹2,312) > 200 DMA (₹2,082): Golden crossover confirmed

RSI (68.8)

Bullish zone, nearing overbought. Watch for reversal signals above 70.

MACD (41.8)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, indicating strength but also short-term resistance.

Volume Trends

Current volume (1.94L) < 1-week average (6.41L): Momentum slowing

Suggests reduced participation, possibly due to profit booking.

🔍 Short-Term Momentum Signals

Bullish Bias with Overbought Caution

MACD and price action support continued upside.

RSI suggests strength but warns of potential pullback.

DII inflows (+0.94%) add to sentiment despite FII outflows.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 2,312 50 DMA, short-term base

Support 2 2,200 Previous swing low

Resistance 1 2,496 52-week high

Resistance 2 2,550 Psychological barrier

Resistance 3 2,650 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹2,300–₹2,350 (on dips near 50 DMA)

Exit Zone: ₹2,500–₹2,650 (partial profit booking)

Aggressive Target: ₹2,700+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD and RSI

Outlook: Favorable for short-term trades; watch for consolidation near ₹2,496

Valuation: Extremely high P/E (362) vs industry (47.3), weak ROE/ROCE, and steep profit decline suggest caution for long-term investors despite technical strength

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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