Good Structure observed in Dhanuka
volumes picking up in uptrend and dry up in consolidation
For momentum players
add till 810(Fibonacci retracement level)
Weak below 610
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
watch it guys for short term
technically looks good
budget -Finance Minister Nirmala Sitharaman on Monday said the allocation to rural infrastructure development has been increased to ₹ 40,000 crore for the next fiscal from ₹ 30,000 crore in Financial Year 2021.
shorterm players can consider an entry in it.
trgt 900++ possible
another one from our fam is...
Rallis India made a triangle patter and likely to hit 256 soon on back of the agri reforms announced. The stock has shows good recovery from the recent lows and my hypothesis says it will keep going up till 256.
Price action of Dhanuka Agritech exhibits a sustained weakness in Weekly time frame. The stock has consistently formed lowers and lower highs until recently.
By analyzing the recent price action, we could see that the two relatively new lows formed are at the same level indicating that bears might be losing steam. In fact previous weekly candle was huge thereby...