Dalmiasugar has given bullish flag pattern break out, Target 195~200, entry point 170~175, stop loss 163.
Buy DALMIASUG SL: 133 TARGETS: 220/250/280+ CMP: 181 10 days to 60 days view
15 week base - flat base on daily and more of CUP on weekly charts after strong prior trend of 284%. Good fundamentals. Sugar sector also moving in sync. Retest after BO done. Need to hold BO line. Can go for 200 which is ATH.
Progressive exposure. Strong weekly close with breakout and Retest of key level. will add more. #fridaylash
Fundamentally strong and long-term compounder. Breakout of a very strong D-W-M resistance, expecting some monster moves. Will add more at higher levels. #fridaylash
GO LONG .. STOCK UNDERVALUED AS OF NOW .. 1St TARGET - 91 2nd TARGET - 127
Support for the next week ranges from 113-114. Break out possible on the next week if it is able to cross 135.90 on 11th August.
Somethings buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon. However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant , however we need to wait for a confirmation, before Buying the Sweetner.
As per my wave analysis, i belive a buy is coming soon.. Check the charts and if you like it please acknowledge it. Thanks. Happy trading.
DALMIASUG Buy at 106-107 Stop-loss: 93.85 Target: 138 Risk 11.50% & Reward 30% RR Ratio 1 : 2.63 Ascending Triangle - Continuation Pattern With its “flat-topped” shape, the ascending triangle indicates that buyers are more aggressive than sellers. The ascending triangle forms because of a supply of shares available at a fixed price. When the supply...
Wave (5) started (1) and (4) non overlapping Pinbar range broken with strength
Trying to find strong support and resistance levels of Dalmia Sugar. If it goes below 52-50 we might see a more downtrend by if it crosses the support (intermediate) of 90-95 levels then it can go up. Learning the support and resistance so thought to try it out on a cyclical stock
Price action could take bullish reversal owing to candlestick as seen from core support levels after prolonged downtrend as seen earlier RSI also seen to be taking rebound from "oversold" zone Aiming for short term for Target 1 and 2 thereon after entry confirmation and thereafter, resistance (C) levels Rest in charts..