Positional call – buy DB corp above 243 close sl 220 target 265-285
holding period 2 month
technical reading – overall chart view telling that its on a important support level now and took support in a range of 220-225 level and showing some bounce now, so once the signal confirm we can expect a move in this stock.
its having 100 days moving average at 240 level so once it able to give close above desire level then we can surly see some movement in the stock as previous also it has taken a support on this average.
if we observe its a case of positive divergence on chart so once its price able to move above desire level then we can confirm its reversal there.
over technical study indicating that if stock able to give close above desire level then only we can expect up move in the stock till the target price. down side 220 level should be consider as a long term support and if anytime it goes to break this level can result into long term trend reversal in stock which can last for more than months also.