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Agriculture

[TECHNO FUNDA PICK]DHANUKA AGRITECH LTDGood 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)
NSE:DHANUKALong
by nikhilgodhani
2
Dhanuka Agritech | Will Monsoon help?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 breaching a falling trendline. Assuming that the recent recovery will continue, the stock might be en route towards 475-490 levels. There we could also spot 23% of Fibonacci falls. If the stock happens the breakout from that level, we can agree on the possible Double bottom which only accelerates the stock further upwards. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:DHANUKA
by AkhilSuryaFS