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.
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DCMSHRIRAM trade ideas
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.
Big Fresh Breakout📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Fresh Breakout
📌 Symbol/Asset: DCM SHRIRAM
🔍 Description: Buy on Dips
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
A potential of 30% gainYet another chemical stock is breaking out from the pattern.
Study:
Pattern - Inverse Head & Shoulder Breakout
Time Frame - Breakout confirmed on weekly chart
Momentum - Big Green weekly candle.
Volume - Hige volume. More than anything in 1 year.
Potential - New All time high.
Journey Time - 3 months to 1 year.
Note: This is not a recommendation. Kindly do your own analysis before investing.
DCM SHRIRAM - Intraday Trade || 12th June, 2023 #stocks To be traded for Intraday today
12th June, 2023
DCM SHRIRAM
#intraday #stocks #priceaction
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 12th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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Swing trade in DCM Consolidation is one of the most indicators of good future trend in the future.
so currently DCM is trading in range and consolidating in range for more then 2-3 months
so the plan is simple we can short if it crosses the lower range and long if it breaks the higher range
so good luck for the trade and trade safe and at your own risk
For Long Term investorsPrice went from 180 to 1180 in 16 months and then consolidated between 890-1180 forming a flag pattern. It seems to have breakdown with decent volume. At Least it is a sign of caution for all the long term investors of DCMSHRIRAM that could start to fall. Hence it is time to look at your positions.
DCM Shriram, products likely to see good marginsMonthly chart of DCM Shriram is painting a rosy picture...price is oscillating for months inside a price band of 855 to 1250...was poised to break out towards the end of April but has been hemmed in by the geo political news sentiment or news of fed tapering, take your pick.. all segments of the company be it sugar, fenesta, agri inputs and chlor alkali could be doing well in the present environment.. Stop loss at 1045 closing basis..T1 1365 T2 1800
Very uncertain environment, be clear in the trades
#DCMSHRIRAM- Potential BO#DCMSHRIRAM- Potential BO
CMP - 1243
BO Only Above 1260
Next Levels can be expected 1435 & 1700
View will be negated below 903
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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