DCM Prediction for Swing/ Posional Trading
First breakout at entry 1 level.Then gap up opening & moving upward direction. Structure break at 88. This level can be retest.
You can enter into trade above Entry 1 after retest or Entry 2 level (100) daily close basis or CMP according to intraday level. You can buy more at 88 level if there will a bullish signal...
Stock has given strong BO on daily and weekly chart with massive volume spike maintaining supportive Trendline, follow chart for proper entry and exit levels.
DCM Limited is a 134-year-old diversified conglomerate with interests in Real Estate, engineering and Information technology. The company's stock price has shown strength in recent trading sessions, with both price and volume increasing. The price of the DCM Limited break the asending tringle pattern with thumping volume. This could be a sign of positive news to...
Pattern - Symmetric triangle breakout
Volume: Break out with good volumes
RSI nearing Overbought.
Entry at blue, Target as Green and Stop loss as Red
Only for Educational purpose
NSE:DCM 84.85
1. Descending Triangle Pattern formation
2. Breakout with strong two candlestick and volume
3. Next level to watch 90 and this is horizontal resistance and if price is able to break this level we will have fresh breakout
4. Support near 75 level.
#TechnicalAnalysiswithMrChartist
DCM forms an interesting and high profitable pattern on a daily chart i.e cup and handle pattern. Has also given a good breakout with good volumes and stock is under only buyers zone from past 5 days and today at the upper circuit(5%).
Buy = 65.03625
SL = 56.55
Target 1 = 82.00875
Target 2 = 90.4950000000001
25/10/2021
Bullish NSE:DCM-->DCM Ltd.
Buy for short term
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