Diamond DYD reaching upper end of the channel nearing breakout
Diamond DYD reaching upper end of the channel nearing breakout
It has been on an up move since few weeks and showing momentum that it might cross the upper channel. The channel started forming from the 2020 timeframe.
With it moving up and sown in the channel, in recent times it has shown some good volumes. In near term it has a retracement and took support of the levels.
Expecting some good move only if the the levels of 1160 is crossed and sustained decisively. 1160 levels is what is the upper level of the channel. If it goes beyond then we can look for 1240-1446 with base at 950-830 as strong base.
No recommendations, just my view based on chart pattern.
It has been on an up move since few weeks and showing momentum that it might cross the upper channel. The channel started forming from the 2020 timeframe.
With it moving up and sown in the channel, in recent times it has shown some good volumes. In near term it has a retracement and took support of the levels.
Expecting some good move only if the the levels of 1160 is crossed and sustained decisively. 1160 levels is what is the upper level of the channel. If it goes beyond then we can look for 1240-1446 with base at 950-830 as strong base.
No recommendations, just my view based on chart pattern.