16 Nov 2018 | 3:24 AM
Research Report
Weekly

Equity Research Report: Master Pick - DCB Bank Limited

DCB Bank is one of the fastest growing private sector banks in India. It operates through 323 branches across 19 states and 3 Union Territories. Its business segments include Retail, micro-SME, SME, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and NBFCs.
31 Aug 2018 | 07:00 PM

DCB Bank has been consolidating in a broader range of 160-210 for more than a year now, after making a new record high at 213 in June 2017. It retested lower band of the same last month and rebounding swiftly thereafter. The chart pattern combined with positioning of indicators is pointing towards stable up move ahead. Traders should accumulate in the given range of 175-182 with close below stop loss of 160 for the target of 215.