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...
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...