Technical Analysis of Indian Equities by Nooresh

Development Credit Bank – To announce good results on 13 April ?



DCB --- The stock has given a breakout above 47-48 levels day before. This gives a target of 55 in short term.

But given the fact that results are tomorrow booked out half or more quantity at small gains so any undue shock can not hit us now. Seems like stock may react very positively to the results.





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{ 4 comments… add one }
  • r singh April 14, 2012, 11:57

    Hi Nooresh,
    As anticipated by you, the results seem to be good. However, the price fell — probably due to general market sentiment. So you’ve only to gain by selling before the result!

    • Nooresh April 16, 2012, 12:05

      Hi R Singh,

      Its like buy on rumours sell on news trade.

  • natarajan t r April 15, 2012, 12:00

    Hi Nooresh ,
    In the Friday melee, DCB fell down to 48.10. Later the very good results came as expected by you. Do you think Monday DCB can be bought again ?

    • Nooresh April 16, 2012, 12:02

      Hi Natarajan,

      We are out of the trade.

      Will look into it post RBI policy,


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