Dilip Buildcon Ltd .is a leading private sector road- focused Engineering Procurement Construction contractors in the country. We gave a buying call in it from a price of 445 .Foiling are the points on behalf of which we gave the call:
ADX above 20, indicates a strong positive trend.
RSI crossover above 50.
Crossover of 18and 5 SMA.
Candles are formed above 60 EMA indicates buyers are more bullish on DBL .
Fundamentally, In the Q4FY17 the company sales increased from 220 cr.to354 cr ,net profit is up by 222. 46% which tells about the company that DBL is focusing on innovative ideas and efficient management system for the growth of company .