DCM Prediction for Swing/ Posional Trading First breakout at entry 1 level.Then gap up opening & moving upward direction. Structure break at 88. This level can be retest. You can enter into trade above Entry 1 after retest or Entry 2 level (100) daily close basis or CMP according to intraday level. You can buy more at 88 level if there will a bullish signal...
Stock has given strong BO on daily and weekly chart with massive volume spike maintaining supportive Trendline, follow chart for proper entry and exit levels.
CMP: 100 - Volatility Contraction pattern - Breakout did not sustain today - I will add with SL just below today's low
#DCMSRIND #DCM Added DCM Shriram industries for long term portfolio. Added at 110 yesterday and 114 today. Pending GTT at 106 and 104 REASON: DRONE INDUSTRY BENIFICIARY RISK: New in the market🙈 #vr
DCM forms an interesting and high profitable pattern on a daily chart i.e cup and handle pattern. Has also given a good breakout with good volumes and stock is under only buyers zone from past 5 days and today at the upper circuit(5%).
A good weekly breakout with volume has put stock in a buy zone. Unless 500 breaks it can give a rally till 1100. Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation. I believe in keeping the chart simple for easy interpretation. Kindly express any disagreement & improvements so...
This is strictly for personal & educational purpose, not a recommendation