Will Dhani breakout ???
Updated
Dhani is at an important stage of breakout :
Reasons/Traits :
• Gave a huge breakout but with a huge wick
• Volumes are very high
• Todays close is near to recent lower high
• Price above 13/20 and touched 200 EMA
• Price near VWAP
• High deliveries
What can happen next :
Scenario 1 : Price sustaining above 215 levels can take it to 240/260/280/300 levels
Scenario 2 : Price break down below 195 can take it down to 180/165/155 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Reasons/Traits :
• Gave a huge breakout but with a huge wick
• Volumes are very high
• Todays close is near to recent lower high
• Price above 13/20 and touched 200 EMA
• Price near VWAP
• High deliveries
What can happen next :
Scenario 1 : Price sustaining above 215 levels can take it to 240/260/280/300 levels
Scenario 2 : Price break down below 195 can take it down to 180/165/155 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Note
Scenario 2 target 1 achievedNote
strong support at 177...Note
once 165 breaks, will take it to 155
Disclaimer
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