DCX - Rounding Bottom | Rising Volume
After the listing, the stock was in extended downtrend.
From April month onward, trend reversal observed with rounding bottom pattern. The stock convincedly formed the strong base and moving upward for expected target of 50% from current level.
Other factors considered are 20 & 50 ema and Rising Volume.
Entry at retest or retrenchment level
Stop Loss below support level or day swing low.
Target - t1/t2/t3/t4
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
From April month onward, trend reversal observed with rounding bottom pattern. The stock convincedly formed the strong base and moving upward for expected target of 50% from current level.
Other factors considered are 20 & 50 ema and Rising Volume.
Entry at retest or retrenchment level
Stop Loss below support level or day swing low.
Target - t1/t2/t3/t4
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Note
resistance at Rs 200.Note
price retested the breakout level.if today's closing above Rs 200 - opportunity to accumulate.
Note
strong closing.Note
target 1 achieved !!Note
target 2 of Rs 243 achieved !!Note
target of Rs 265 achieved !!Trade closed: target reached
t1 , t2 , t3 achieved.Target 4 is definitely achievable, close the position (if any) as per price action.
Thanks
-AJ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.