DENFollow chart data for going long..
RR - 1:4 +
Note - Above analysis is for learning purpose only.
DEN trade ideas
Expecting Breakout ✌✌✌This scrip is expected to give trendline,Range & Resistance breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Question on Den NetworkIf Bough Hold with SL of 40
If not then buy only on breakout above 47 for next targets of 55/65
POTENTIAL OPPORTUNITY - 15% to 20% @ DEN NETWORKS LTD (NSE:DEN)Potential Opportunity as Swing Trade in NSE:DEN and also predicting positive GAIN upto 20%
SWING TRADE - RISK TO REWARD - 1:3
ENTRY - 42.75
TARGET - 50.00
STOP LOSS - 40.3
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #den #dennetworks #reliance #riskrewardratio
Correction is over Wave 2 is over or will over soon around 35-36. Upside can go till 127 where wave 3=1.
DEN NETWORKS LTDThis company is fundamentally not so annoying, the financial performance is above industrial median. Currently it seems to be really interesting at this point of time on Weekly TF.There are some key points we need to watch:
1. There was a Bearish Wolfe Wave that started forming in early 2016. And the 5th wave of the same was completed in covid pandemic. After the formation was completed the stock soared up to complete the pattern.
2. The stock completed the expected target and then started coming down from July 2020 Onwards.
3. After the stock started coming down(Wave B) it has finally found a support at 0.786 Level of (5-A) Wave ie.44.65
4. The volume is Alarming since May 2021. Such high volumes were never seen in its entire life-time.This is an indication of Changing hands and a starting of Wave 3 or C
Here it has very good chances of gifting us with an upside reversal for Wave C.The trade setup for it will be a BUY with an SL of 44.50 on Weekly Closing basis.The risk reward ratio at Current Market point seems really good if we look at the expected targets of (65.80 - 78.30).However this a weekly TF chart, Patience is needed to see the targets achieved. And never forget SL,after all markets can be risky at any point of time.
CHART & ANALYSIS BY - ADARSH DEY
DEN STOCK TECHNICAL ANALYSISI Have less time but as per my analysis this stock is good to buy current price, How much I invested in this stock 3 lakh buying in this stock at price 50.02.
i am using two indicator in this stock first one is moving average another is Knoxville divergence. When I have time i will describe in future how to use these indicator.
This is my not recommendation to buy or sell. I invested after doing my analysis you can do after doing your analysis.
Thanks see you soon
Den Networks Ltd- Short term swing tradeBuy at current level and also add in dips, SL @ 45.5 on closing basis.
Keep trailing SL, if it closes above 65 then final target will be 85+
*Only for educational purpose
DEN expecting a bounceNSE:DEN
Buy above 48 or near 43
SL closing below 41
T 49.5, 54, 57, 63
CLosing above 66 can see 75+
DEN - Price and Trend SetupSupertrend 10,2 changing trend to bullish, RS against BSE SMALLCAP crossover 0 line, stock was in downtrend since long and now again recovering by breaking previously created resistance. Heavy buying has happened between levels of 43 and 50 which can act strong support zone for future run.
Den Networks 1DDen Networks formed a falling channel pattern and gave a breakout with good volume. Now it retested the trend line and started rising.
Den Networks Positional - Cup and Handle (D) at a major supply level
- Volume spike
- RSI in the bullish zone (>60) on daily but not yet on weekly
- 50% entry at CMP 59.95,
remaining after 65 (pattern BO and 200 DMA crossover)
Only for educational purpose
Den Networks Positional - Cup and Handle (D) at a major supply level
- Volume spike
- RSI in the bullish zone (>60) on daily but not yet on weekly
- 50% entry at CMP 59.95,
remaining after 65 (pattern BO and 200 DMA crossover)
- r:r = 1:2.5
Only for educational purpose
Den Enterprises - Two inverted head and shoulders patternDEN ENTERPRISE is in growth mode right now. With good quarters coming in, the prices are reflecting it. Multiple crucial resistances have developed over time. Potential 72% expected before next financial year.
