DHANUKA - Long Setup, Move is ON..NSE:DHANUKA
✅ #DHANUKA trading above Resistance of 1280
✅ Next Resistance is at 1690
Related charts:
Charts are 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.
Dhanukaagritech
DHANUKA - Long Setup, Move is ON..NSE:DHANUKA
✅ #DHANUKA trading above Resistance of 1024
✅ Next Resistance is at 1280
Related charts:
Charts are 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.
DHANUKA - Weekly Chart AnalysisAfter having a ~42% downtrend which started from July 2022 the stock have broken the trend line and mark the end of the down trend. Which means the stock can either go sideways or into an uptrend.
After breaking out of the base it went into a 12 week consolidation in ~14%range it has finally broken out. Volume support is seen too.
On a monthly timeframe it has retraced up to 38.2% zone and showing a reversal which is good sign.
Now 760-798 zone shall act as a good support. An ideal stoploss should be placed on weekly closing basis below 745 level.
It is trading above all its key moving averages.
Initial target would be the supply zones up ahead (903-930) and there after 960, 1019 and all time high 1053.
As per the trend based fib if everything went well a long term target of 1384 can also be tested.
Remember it's a long term target ie. 2-3years.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
DHANUKA AGRITECH - BOUNCE BACK 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.
#TECHNOFUNDAPICK #DHANUKAAGRITECH BUY+ACCUMULATE
PROMOTER:70%
DII:14.86%(CONSISTENTLY BUYING)
FII:4.70%(FIRST TIME BUYING FROM FII SIDE)
ROCE:37.4%
ROE:27.6%
P/E:17
INDUSTRY P/E:29.4
EPS:43.1
CAGR:22%(10 YEARS)
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
DHANUKANote:
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