DHANI : Short Term (1-3 Months) #DHANI #breakout #swingtrade #momentumtrade
DHANI : Weekly Chart
>> Moving Avg Setup
>> Trending Setup
>> Momentum Stock
>> Good Strength & Volumes
>> Good Upside Potential
Swing Traders can lock 10% profit & keep trailing
Best of Setup's can Fail in Current Market Scenario, so Trade Good Setups with Proper Risk Management, position Sizing & logical Stop-loss Rules
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
DHANI
Dhani : Breakout Candidate#Dhani #Breakout #Trianglepattern #patterntrading #patternbreakout #momentumtrade
Dhani : Weekly (1-3 Months)
>> Momentum Trade
>> Breakout Soon
>> Triangle Pattern
>> Good Strength & Volume Build up
>> Low Risk High Reward Trade
I believe it can move towards 100 Ema (60 Levels)
Swing Traders Can lock thier profits at 10% and keep trailing
Disclaimer : Charts Shared are for Learning Purpose & not a Trade Recommendation. Consult your Financial Advisor before taking position in it.
Will Dhani breakout ???Dhani is at an important stage of breakout :
Reasons/Traits :
• Gave a huge breakout but with a huge wick
• Volumes are very high
• Todays close is near to recent lower high
• Price above 13/20 and touched 200 EMA
• Price near VWAP
• High deliveries
What can happen next :
Scenario 1 : Price sustaining above 215 levels can take it to 240/260/280/300 levels
Scenario 2 : Price break down below 195 can take it down to 180/165/155 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Long Dhani ServicesDhani Services
Cmp - 177
Stop - 150 on DCB
Expectation -
T1 - 390
T2 - Open, Review at 390
Expected Holding Period - 180 trading days or earlier for T1
View:- Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing