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DHANBANK

Dhanlaxmi Bank Limited - Long Setup, Move is ON...#DHANBANK trading above Resistance of 44 Next Resistance is at 59 Support is at 36 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.
NSE:DHANBANKLong
by MandeepSinghKohli
Fantastic Pre-Breakout Trade Opportunity-DHANBANKThe stock has displayed a strong upward trend, showcasing an impressive run before entering a consolidation phase lasting approximately 3 months. Throughout this period, the 50-day Simple Moving Average (SMA) has acted as a robust support level, indicating a solid foundation for potential bullish momentum. Despite two unsuccessful attempts to break out during the consolidation, the stock has remained resilient and is once again gearing up for another breakout attempt. The repeated testing of resistance suggests increasing pressure, and a successful breakout could signal a renewed bullish trend. Technical Indicators: 1.50-day SMA Support: The consistent support provided by the 50-day SMA indicates a strong base for the stock, enhancing the probability of a successful breakout. 2.Repeated Breakout Attempts: The stock's resilience in attempting to break out multiple times signals a building momentum, potentially leading to a breakthrough. 3.Volume Analysis: Observe increasing or sustained volume during breakout attempts, as this can validate the strength of the potential upward move.
NSE:DHANBANKLong
by TTS007
DHANBANKNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:DHANBANKLong
by SENSITRADE_T
DHANBANKNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading.
NSE:DHANBANKLong
by SENSITRADE_T