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aashu24ahuja
Apr 6, 2022 7:25 AM
Signs of Bottoming out DBL Daily Chart
Long
NSE:DBL
1D
DILIP BUILDCON LTD
NSE
Description
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Apr 6, 2022 7:25 AM
If you look at the downtrend, everytime it tries to cross or breakout above 20EMA it falls back
Observe the SuperTrend was always in selling when the stock was trying to breakout above 20EMA
This time the breakout is different, it is above 20EMA, above SuperTrend and the strong body candle
Stop loss could be median of the breakout candle or the low of the breakout candle
If this works out, we would have just got the bottom here
Comment
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Apr 6, 2022 7:26 AM
Another interesting point is "Volumes" at the breakout candle. It's a giant bar and signaling bottoming out is in process.
Trend Analysis
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