DOLLAR is near a large weekly base BO, almost ~6% away from it. A couple of weeks back good volumes did try and touch that level.
As a fan of trying to catch stocks before BO as post BO they generally get extended, this might be that one scrip i am able to screen and check right now. RS scores considering 750 stocks in NSE are as follows :
1st Mar - 53
7th...
DOLLAR giving a BO on daily timeframe, Just look at the volumes these last 10 days, clear indication of something going on here. Market conditions not the best for me to enter here but a good candidate to keep in watchlist to buy at the BO support level if interested.
Other names in this same theme which are interesting are PAGEIND. RUPA and LUXIND are not so good...
-volume is ready for boom building its base
-rsi is normal as of now but keep eyes in it
-above crucial levels
-expecting good returns from this in upcoming months
Standard Cup and handle Pattern on Weekly Chart.
Retracement from key dual supports.
Downside is almost arrested.
Low Risk High Reward.
Slow Mover. Momentum will pick up later as MACD is turning bullish too.
Stock formed very good bais with good volumes and gave breakout of trendline with good volume it's bit risky but it also look very promising . It's for education only.
# DOLLAR IND #
BUY ABOVE - 442
CBSL - 350
TG - 640 - 650
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Take Weekly Swing Trade and Grow your Protfolio.
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
SL can be Maintained below Breakout Candle
Rule 1 : Never Do Averaging if the Stock moves down ; One can Add more Qty if Stock moves...
It appears that the price of Dollar Industries Ltd. has reached its lowest point after trying and failing to go below a certain level. Instead, it started going up again, which is a sign that a new upward trend may be starting. the price seems going above the highest point between the two lows, it confirms that the trend is changing to a more positive one and...
DOLLAR Industries trading at 426. It has given the breakout from this pattern.
The price can retest the around 412 before making new highs. Volume is also increasing that is reflecting in the share price.
DOLLAR INDUSTRIES has given a 15 month old trendline BO.
Today it has given a strong candle closing and now will be
testing it's strong Support/Resistance zone placed
between 398-400.
200 EMA is also placed in same region.
We have seen good volumes in the consolidation phase.
Buy above 400 level (day closing basis) for positional
targets 415, 435 and...
~Dollar industies is about to break major resistance after failed break out.
~Weekly chart always respect to 20 w ema line.
~Currently it is in consolidation.
~Forming head and shoulder pattern.
5 yrs accumlation visisble in cup formation and sudden emergance of volume in RH side of CUP indictes accumalation abou tto complete is supply dries up may give good move note its weekly chart
![DOLLAR: DOLLAR Near BO [Weekly]](https://s3.tradingview.com/6/66jec8Yw_mid.png "DOLLAR Near BO [Weekly]")
![DOLLAR: DOLLAR BO [DAILY]](https://s3.tradingview.com/q/QHpa8DxD_mid.png "DOLLAR BO [DAILY]")
