dcw has rebounded from the trendline, so there is a high possibility that it will go up. Given Chart is only for educational purposes only, not responsible for any profit or loss, I am not Sebi registered or any Stock market expert.
One more chart pattern with rounding bottom in the weekly timeframe. Please wait until the closing of this week's candle before taking any position. Expecting target of minimum 20-30%.
Note: Consult your financial advisor before taking any entries. This is just for learning purpose
Stock will form cup and handel in near future if u see in daily tf stock giving breakout of double top nd rising wedge now stock move towards . Next target
Rounding bottom formation weekly charts.
Ascending Triangle BO on daily chart.
MA crossover.
Increasing Volume.
For educational purpose. Trade at your on risk.
DCW has been performing well for the past few trading sessions, we can clearly see an increase in Volumes and Price Action obeying various levels of Support & Resistance.
If supported by NIFTY 50 we can see DCW achieving Targets marked in Red with Stop Loss at the Dark Green Line, within 10 days.
Note - This advice is purely educational and is not intended for a...
- Weekly Chart
- Breaking out from 2 month long base
- Massive volumes
- One of the few sustained breakouts of last few weeks
- Targets marked in chart, use appropriate position size and SL
#DCW is looking very good for LONG in the weekly chart.
If it closes above 29.20 on the weekly candle, it has every chance to touch 37/37.20 in a short period of time.
#Enjoy Investing
Disc : This is not a recommendation. I may or may not hold the stock. Do proper study and take your risk profile into account before entering...
