WEEKLY BREAKOUT IN SHRIRAMWeekly breakout seen in Shriram. The stock has given out break out from a triangle pattern.
DCMSHRIRAM trade ideas
Weekly breakout . Can be a silver lining at the end of a tunnelNSE:DCMSHRIRAM
Time Frame :- Weekly
Study :-
Tested Twice in past .
Was in consolidation for long time(june 2021- November 2024).
Conclusion :-
₹1251 was a strong resistance. Breakout check ✅️
Time Frame:- Daily
Study :-
Was obeying Trendline
Tested trend line twice
Forming ascending wedge
Conclusion:-
Breaking of trendline . Breakout ✅️
Conformation:- Volume Breakout (breaking 20MA) Breakout✅️
Cautions ❗️:- RSI heading toward over bought zone so may correct for conformation. Do your own study before investing.
Stop loss :- Bellow previos day low
DCMSHRIRAM for 35% (approx..) Potential GainDCM SHRIRAM is showing Darvas box breakout with decent amount of volume..
b] All data is available in public domain..
CMP : 1300
TG : 1700
SL : 1165
TSL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.( To view this click : sedg.in )
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
DCMSHRIRAM Long Base BO [Weekly]DCMSHRIRAM is showing signs of accumulations over the past 50 days and this week tried a long base BO on weekly timeframe. Considering the market conditions right now, a stock giving signs of accumulations is certainly to be taken note off.
Tracking this to see some tightness around this BO level and might get into it if a good pattern forms.
RS Score has also increased week over week , from 35 to 70 in the last 3 weeks, which is good improvement.
DCM Shriram rounding base patternDCM Shriram has formed a rounding base pattern
If stock breaks resistance it will move upside.
Pattern base target plotted.
Disclaimer :
Chart shared here is for education purpose only, no any buy and sell recommendation given on stock.
Consolidation and near breakoutStock is giving breakout of 3 year consolidation and touching ATH, trading above monthly weekly and daily Bollinger band (20,2). Also above 10 & 50 ema. A good H&S pattern is also formed in weekly. Wait for small consolidation of 2-5 days to make an entry with a logical SL, currently RR is not in Favour
DCM Shriram - Multi year breakout - ResistanceDCM Shriram ::
Multiyear breakout possibility
But need to sustain 1300 on weekly close as previous rejections were there, also channel resistance also present
DCM SHRIRAM#DCMSHRIRAM
Timeframe: Daily
Resistance Level Breakout
Support level: 1000
Good looking above : 1230 level
DCM shriram looks good for a swing Hello traders,
DCM SHRIRAM looks good for a swing trade. Levels are mentioned on the chart use stoploss on monthly based candle. Follow for more such ideas
DCM SHRIRAM LTDDCMSHRIRAM LTD. Weekly BreakOut.
Here is a brief description:
"DCM Shriram Ltd has broken out of its weekly resistance level, indicating a potential uptrend. This could be a good opportunity to go long on the stock. The breakout suggests a possible increase in price, making it a promising investment opportunity. However, it's essential to conduct thorough technical and fundamental analysis before making any investment decisions."
Please note that this is a general description and not personalized investment advice. It's always recommended to consult with a financial advisor or conduct your own research before making investment decisions.
DCMSHRIRAM bullish; above 990 ? - Wednesday 8-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
DCM SHRIRAM - Swing Trade Analysis - 3rd April #stocksDCM SHRIRAM (1W TF) - Swing Trade Analysis given on 3rd April, 2024
Pattern: REVERSAL AT WEEKLY SUPPORT
- Pullback candle at Weekly Support - Done ✓
- Strong Volume candle at Support - In Progress
- Demand Zone Retest & Consolidation - In Progress
DCMShriRam looking good for new highs with small SL of 850/-The stock after a good run up and corrected and now again trying to rebound from lower level on weekly chart by taking support on rising trendline, so it has high probability to scale new highs in the days ahead.
Just A View - Double Top - DCMSHRIRAM📊 Script: DCMSHRIRAM
📊 Sector: Diversified
📊 Industry: Diversified - Mega
Key highlights: 💡⚡
📈 Script is trading near neck line that is support of Double Top pattern as seen into the chart .
📈 Script may take support at 862 level and bounce back from there.
📈 One can go for swing trade for medium to long term.
⏱️ C.M.P 📑💰- 872
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Positional or Longterm Opportunity in DCM ShriramGo Long above 965.1 for Targets of 1044.7, 1124.3, and 559.4 with SL 885.5
Reasons to go Long:
1. On a Monthly timeframe the stock gave Trendline breakout. The stock was initially facing resistance from this trendline but now is taking support.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
3. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level & the Trendline.
DCMSHRIRAM | Investment Pick📊 Details
DCM Shriram is engaged in the business of manufacturing facilities of Fertiliser, Chloro Vinyl & Cement in Kota (Rajasthan) and of Chlor- Alkali in Bharuch (Gujrat).(Source : Company Web-site )
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Big Players are Pushing It UpsideVolume High
Above all crucial Ema
Breaking Bollinger Band
1120 is crucial resistance
DCM Shriram LtdDCM Shriram Ltd
business of manufacturing facilities of Fertiliser, Chloro Vinyl & Cement in Kota (Rajasthan) and of Chlor- Alkali in Bharuch .
monthly RSI above 55.
ROCE 19.0 %
ROE 15.1 %
Debt to equity 0.28
Promoter holding 66.5 %
Piotroski score 5.00
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#DCMSRIRAM nice breakout#DCMSRIRAM nice breakout with volume after year consolidation and cup and handle patteren also
DCMSHRIRAM - Bullish Consolidation with VolumesNSE: DCMSHRIRAM is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
DCMSHRIRAM - Weekly AnalysisIn the Weekly Chart of DCMSHRIRAM ,
we can see that; it has multiple rejections at 1100 levels.
Also, it has not given closing above 1100, but Price action is strong for big momentum.
Also, 1200-1250 levels is respected multiple, Once it reaches there it might halt for 2-3 weeks.
Expected momentum is shown in chart.
