DOMS - ABCD Pattern, Crossing Swing Highs.

Mar 19

DOMS Crossing Swing Highs with Strong Candles With RSI and MACD Trending Upwards and according to ABCD Pattern it's Likely to Cross ATH in Short Term.

About:
Incorporated in 2006, DOMS is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, DOMS is the 2nd largest player in India’s branded 'stationery and art' products market. It held 29% and 30% market share for its core products in FY23 for pencils and mathematical instrument boxes.

Trade Setup:
A Swing Trade Can be Done as per the ABCD Pattern and Bullish Price Action. Keep Position Size as Per Appetite.

Target (Take Profit):
Near ATH Levels of 3115

Stop Loss:
Entry Candle Low for Aggressive Swing Traders and Swing Low in General.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

Mar 25

Note

Retesting Breakout Levels