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Price and trend forecast of DBCORP for Tomorrow, Weekly, Monthly

D.B.Corp Limited

Symbol: NSE:DBCORP

ISIN: INE950I01011

325.60

As on 2024-06-13

132.90 (52W Low) 373.30 (52W High)

DBCORP's Today's Performance

D.B.Corp Limited started the day by opening at 311.00 today 2024-06-13. Its shares reached a high of 329.45 and dipped to a low of 307.05 in intraday. When the markets closed, DBCORP’s stock price settled at ₹325.60 per share. Also check out its key support and resistance levels.

DBCORP Buy/Sell Targets

Tomorrow, buy DBCORP when its price reaches ₹ 325.60 with a stop-loss order at ₹ 317.86. You can set the target price as ₹ 333.34 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of DBCORP for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for DBCORP

Downside Targets Value in ₹
Tomorrow Down Target 1 334
Tomorrow Down Target 2 343
Tomorrow Down Target 3 357

Important Levels for DBCORP

Holding Levels Value in ₹
Tomorrow Up Target 1 312
Tomorrow Up Target 2 298
Tomorrow Up Target 3 290
Based on where the stock opens tomorrow, if DBCORP opens on a positive note, our first target will be ₹334. If Target 1 is achieved, we will aim for Target 2 which is ₹343.

But if DBCORP falls below the average value of ₹320.70, you can enter a sell side position with target number 1 - ₹312 and second target - ₹298 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of DBCORP

Looking at DBCORP, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, DBCORP has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DBCORP is strong bullish.

Tomorrow's Volume based share price Forecast for DBCORP

DBCORP's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 148%.

Reversal detection for DBCORP

Predicted trend chart of DBCORP tomorrow for price forecast
DBCORP may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹307 in morning tomorrow
Target 1 tomorrow329
Target 2 tomorrow335
Target 3 tomorrow343
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with DBCORP's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if DBCORP opens on a positive note, our first target will be ₹334.35. If Target 1 is achieved, we will aim for Target 2 which is ₹343.10.

But if DBCORP falls below the average value of ₹320.70, you can enter a sell side position with target number 1 - ₹311.95 and second target - ₹298.30

DBCORP's Weekly Targets
1st Up Target 336.18
2nd Up Target 346.77
1st Down Target 308.28
2nd Down Target 290.97

As the week for DBCORP ended on bullish sentiments, we can expect further continuation of this sentiment. DBCORP's initial target will be 336.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 308.28 in the upcoming week.

Weekly OHLC Values
Open 303.00
High 329.45
Low 301.55
Close 325.60

Week for DBCORP started with an open price of 303.00, and the close was at 325.60. DBCORP reached the highest of 329.45 and dipped lowest up to 301.55 last week. This indicates a bullish sentiment for the week.

DBCORP full month swing targets
Monthly Up Target 1 364.08
Monthly Up Target 2 374.67
Monthly Down Target 1 280.38
Monthly Down Target 2 235.17

Targets of ₹364.08 can be expected to be reached in the coming month. Once DBCORP achieved this target, we can aim for the next upside target of ₹374.67.

DBCORP if fails to hold upside, down targets of ₹280.38 and ₹235.17 can be achieved by end of this month.

For complete three weeks if DBCORP is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

DBCORP is expected to reach the target of 334.35 in tomorrow's trading session.

After achieving the initial target in DBCORP, we will aim for higher targets of 343.10 tomorrow.

However, if DBCORP starts to trade below ₹320.70, then we will shift our focus to the sell side and aim for down targets of 311.95 and 298.30.