Stock Radar: Dalmia Bharat stock shows signs of bottoming out after 20% fall from highs; time to buy?

After reaching a record high of Rs 2,428 in December 2023, the cement stock declined by over 22% to Rs 1,887 on September 12, 2024. However, it rebounded after finding support above 1,700 and reclaimed its 50-day moving average, a positive sign. On the weekly charts, the stock found support above the 200-week EMA in June and August 2024.