DFMFOOFDS - why is it trading in small range from 3 monthsNSE:DFMFOODS
This is trading in a small range from the past 3 months - seems to be some accumulation is going on in this.
In terms of daily delivery % - 20 day avg is at 71.25% and most days it's above 80-85%.
Stock is trading above all averages on Daily, Weekly, and Monthly moving averages.
Add to watchlist - & also add to alert on price breakout of the range.
We may see good movement once the range breakout.
DFMFOODS
DFMFOODSsince 2017 it has formed a parallel channel and considering the previous monthly candle are we in good position to say this is the TOP formation?
DFMFOODS: Trading at 52 week HighCMP: 377
- Looks relatively stronger on the chart than the overall market
- Needs to clear the gap at 385-395
DFMFOODS - Ichimoku Bullish BreakoutStock Name - DFM Foods Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 254
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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DFMFOODSCMP: 349
Support: 325, 290-295
The stock is currently trading near its previous breakout levels.
It can show 400+
EXPECTING AN UPRISE OF 8.11% IN DFMFOODSAs per the 2 Hour Chart of DFM FOODS, we can see a beautiful Formation of "Bullish Engulfing" on the chart. Therefore, we are expecting a bullish momentum in DFMFOODS in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 304, 313.6, and 320. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 290.30, on closing basis. Closing Price (as on 22.12.21) : 296
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
DFM FOODS DAILY CHART ANALYSIS AS ON 22.12.2021DFM FOODS is in brief consolidation and above 300 for a target 315 level. Happy Trading to all. Tomorrow Market will be bullish.
DFM FOODS - My Favourite PatternSelf Explanatory.
My favorite Inverted Head and Shoulder Pattern.
Pure Price Action Strategy. No indicator required.
Breakout in DFM Foods...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
