Downloading...
D.B.CORP LTD
Long
Updated

SWING IDEA - DBCORP

283
Q4 CONS NET PROFIT 1.2B RUPEES VS 410M (YOY).
Q4 EBITDA 1.72B RUPEES VS 752M (YOY) || Q4 EBITDA MARGIN 27.89% VS 14.17% (YOY).

In addition, MACD Cross is also playing out.
Once MACD Cross is completed, expect 20% up from here.
Note
Positive News:

India's D.B. Corp climbs on qtrly profit jump
** Shares of Indian consumer publishing company DB Corp DBCORP rise 5% to 293.35 rupees
** Co reported a more-than-two-fold jump in March-qtr consolidated profit on Wednesday to 1.23 billion rupees ($14.8 million), as expenses contract
** Qtrly revenue rose 16.2% to 6.17 billion rupees from an year earlier
** Stock is set to gain for a fourth consecutive session, if trend holds
** Stock up ~9.7% YTD; had gained ~116.7% in 2023 - its biggest yearly gain since listing
Note
14% Profits done so far.
Trade seems to be going exactly as expected.
MACD Crossover has happened successfully with good volumes too.
Could hit targets sooner than expected.
Keep a close eye.

snapshot
Trade closed: target reached
Trade Completed. Target Achieved.
Total 22% Profits booked.
Time Taken = 6 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!

snapshot
Note
Achieved 37% Profits from our Entry Zone. Congrats to those who are still holding this trade and booking Higher Profits.

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.