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[TECHNO FUNDA PICK]DHANUKA AGRITECH LTDGood Structure observed in Dhanuka volumes picking up in uptrend and dry up in consolidation For momentum players Above 956 add till 810(Fibonacci retracement level) Weak below 610 Target 1250-1300-1400 For Long Term investing Buy at CMP Add on dip and weak if close below 200 SMA Very good Fundamentals ::-- Market Cap-- ₹ 4,218 Cr. Stock P/E-- 20.0 ROCE-- 37.8 % ROE-- 28.0 % Company is almost debt free. Mcap FF (Cr.)-- 1,054.24 Please maintain SL closing basis as this is small cap stock Risk 1-3% of your capital(so plan position sizing base on this) My trading view ideas past accuracy around 71%(Please maintain your SL)
NSE:DHANUKALong
by nikhilgodhani
2
SWING TRADE - BULLISH SETUP With positive sentiment ahead of quaterly results, a great momentum can be seen in this stock which has simuntaneously confirmed its breakout by sustaining above b/o levels as shown in price action. The view is bullish on stock for a swing trade as volumes are quite high which represents instituitional buying at this levels. Let's wait for some more price action as we may see some profit booking at this levels which may somewhat bring the stock down, otherwise it is all set to rally upwards for a short term. Trade with caution! Disclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!
NLong
by rahuljaiswal1580