Here 💥 again momentum Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volat
0.70%
8.15INR
601.601MINR
23.403BINR
35.447M
About DCM SHRIRAM INDUSTRIES LTD.
Sector
Industry
CEO
Alok Bansidhar Shriram
Website
Headquarters
New Delhi
Employees (FY)
2.367K
Founded
1889
ISIN
INE843D01027
DCM Shriram Industries Ltd. engages in the manufacture and sale of sugar, alcohol, fine chemicals, rayon tire cord, and textiles. It operates through the following segments: Sugar, Industrial Fibers and Related Products, and Chemicals. The Sugar segment focuses on sugar, power, and molasses based alcohols. The Industrial Fibers and Related Products segment comprises of rayon, synthetic yarn, cord, and fabric products. The Chemicals segment includes organics and fine chemical products. The company was founded in 1889 and is headquartered in New Delhi, India.
ATH BreakoutHOSE:DCM Shriram Industries Ltd.
-It is primarily engaged in production and sale of sugar, alcohol, power, chemicals, Drones (UAV) and industrial fibers.
-Consolidation Base Breakout .
-Breakout with 85% Relative Volume.
-Breakout with Strong Bar.
-Previous Volume Activity Shows Institutions Accum
DCM Shriram Industries the Gem💎DCM Shriram Industries
cmp 108
Reasons for selecting this stock🤍
🔹Interesting company
🔹Pullback done and expecting a upside movemnt
🔹Another breakout above 116-117 range
🔹Also company involved in armed vehicle manufacturing & drone manufacturing
🔹Furthermore Govt. decided to reduce defence import
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