Good Structure observed in Dhanuka volumes picking up in uptrend and dry up in consolidation For momentum players Above 956 add till 810(Fibonacci retracement level) Weak below 610 Target 1250-1300-1400
For Long Term investing Buy at CMP Add on dip and weak if close below 200 SMA
Very good Fundamentals ::--
Market Cap-- ₹ 4,218 Cr. Stock P/E-- 20.0 ROCE-- 37.8 % ROE-- 28.0 % Company is almost debt free. Mcap FF (Cr.)-- 1,054.24
Please maintain SL closing basis as this is small cap stock Risk 1-3% of your capital(so plan position sizing base on this) My trading view ideas past accuracy around 71%(Please maintain your SL)