DLINKINDIA
D-Link - Textbook Symmetrical Triangle pattern NSE:DLINKINDIA
D-Link has formed a textbook Symmetrical pattern that has worked out so far
Although it is a bullish pattern one should wait for breakout confirmation to enter.
Those who want to minimize the risk should wait for retest and may enter after confirmation.
The breakout must also be validated by the volumes or else it'd be just another Fakeout.
According to Fibonacci Extensions after breakout 168.70 is immediate resistance might consolidate there for a while
On the downside 144.15 / 136.60 / 129 / 119.65 are support levels
Company also has decent fundamentals
It's long call so one can keep stop loss according to their risk appetite.
D Link India Limited - Breakout Setup, Move is ON...#DLINKINDIA trading above Resistance of 579
Next Resistance is at 782
Support is at 377
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.
DlinkIndia is BlastedHey Family, there is a one more stock Which is showing a great opportunity and forming Symmetrical triangle Pattern in daily TF it's trying to breakout resistance zone, If Stock break's resistance zone then we can see a good move, let's see breakout sustain or not.
Don't know how we miss this amazing stock share and forget to share this with you all family.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
DLINKINDIA - Ichimoku Breakout📈 Stock Name - D-link (india) Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 346.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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DLINKINDIA | Swing Trade📊 DETAILS
Sector: Computer Peripherals
Mkt Cap: 1,173 cr
D-Link (India) Ltd is primarily engaged in marketing and distribution of networking products. It operates through a distribution network with a wide range of product portfolio and solutions with a nationwide reach across India.
TTM PE : 9.83 (Low PE)
Sector PE : 10.85
Beta : 1.66
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
10.95% away from 52 week high
Outperformer - D-Link India up by 10.19% v/s NIFTY 50 up by 7.9% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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D-LINK INDIA about to Breakout @283.00 as "W" Pattern showingD-LINK INDIA about to Breakout @283.00 as "W" Pattern and "Symmetrical Triangle" pattern showing. If it will sustain above @283.00 on Daily Candle basis then go for LONG trade on Short Term perspective.
::Data Point::
Potential Breakout Level @283.00
1st Target Point @336.00 (Approx 20%)
Stop Loss Point @248.00 (Approx 12%)
NOTE- Only for Education Purpose.
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DLINKINDIA - Ichimoku Bullish Breakout Stock Name - D-link (india) Limited
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 200
#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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D-Link India Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since January 2022, NSE:DLINKINDIA has given a breakout today. Support around ₹160.
Strengths: -
1. Debt to equity at 0.01(less than 1 is good), Interest Coverage at 186(greater than 3 is good), Current Ratio at 1.81(greater than 1.5 is good), FCF to CFO at 96%
2. Company has been maintaining a healthy dividend payout of 21.2%
3. CRISIL Ratings has reaffirmed its rating on the long-term bank facility of D-Link India Limited (D-Link) on 27th June 2022(please go through the credit rating report for better understanding)
Weaknesses: -
1. The company has delivered a poor sales growth of 5.63% over the past five years
2. The company has a low return on equity of 13.7% for the last 3 years
3. Debtor days are high at 93
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
Long DLinkNSE:DLINKINDIA
Chart is self explanatory. Entry, Targets and Trailing 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.