Devyani International (W Bullish Pattern)

Apr 10

Date : 10th April 2024
Time :12.00 PM

Devayani International is showing reversal from its usual support with other bullish indications.
As we can see ,
first of all W pattern is visible from strong support. also there is a bullish Divergence too.
Wave Count on Devyani is also looks like its time for ABC wave till depth of correction price level, which is 198 Rs.
Order Blocks on multiple time frame is also visible after last bullish movement.

With A Stop Loss of 150 Rs.[i] We can Long Devyani Int.
Entry Zone will be 162 to 155 Rs with Target of 198 Rs
and RR is Minimum 1:3

Apr 15

Note

As I mentioned in description Entry Zone is 162 to 155, its in a zone for avg price.

Apr 16

Note

Today's open was 155 Rs and it BounceBack to 159 Rs.

Apr 18

Note

Just Checked Fixed Range Volume Profile on Devyani and its now Above POC (Point of Control) line, which means more Resistances are weak compared to Supports from current price point of view.

Apr 26

Note

Trailed SL Reduced to 153 Rs Daily Closing Basis.

May 8

Note

Re Entered in Entry Zone It will work as a Good Support.

May 10

Note

Devyani International has maintained good price despite having fall in majority of stocks.
Good strength of buyers.

May 14

Note

Order Block is the reason behind this stiff upward movement from SL Price

Jun 6

Note

Make Double bottom on Election Result Day and Move Sharply

"SHAKEOUT BEFORE BREAKEOUT"
This whole Result Fall is to create panic for buyer to sell their positions.

Jul 15

Note

Took Support from Entry Zone :)

Aug 23

Note

Silently Moving 10% in 3 days 🤩

Sep 18

Trade active

163 to 198 🎯
Target Achieved after 5 months 💖

long Term Investors Next stop 227 Rs 👍