DUCON - Breakout With VolumeDucon has given breakout with good volume, with SL of 13.5 can add for 1:3 RR.
Ducon Infratechnologies Ltd.
No trades
Trade ideas
Ducon Weekly - Good retest of Inverted Head n Sholder neckline Ducon Weekyly Good Retest of Inverted Head n Sholder neckline. Taking support of 200 EMA on daily chart.
Good to Buy at 20-21 range SL of Hammer low 16 on weekly basis hold for target of 91 and 100+
Trading is like Kids Playing with ABC:Ducon Infratech Trade PlanDear all,
The above chart presents a simplicity of trading, its the heart and soul of trading, let it be a trend following system or investor or day trader or scalper -its as easy as kids ABC
Let me explain my points with the simple yet powerful setup with above chart and more examples:
Points to consider in every setup(conservative)
- Consolidation
- Breakout(A)
- Consolidation
- Retest(B)
- Continuation(C)
- Breakout - As we all know every tick in the market is a confirmation of fight between bulls and bear as bulls want to take prices higher and bears hammer the prices lower, breakout can be understood as a winning the battle and taking the prices higher. And we just have to join the WINNING SIDE in this case its BULLS
- Consolidation - Consolidation can be understood as a laying the foundation for a strong building. In stock market we know it as Flag, triangle, rectangle etc
- Retest - Its like price reversing back to the breakout level & consolidates again and forms patterns as flag, triangle, rectangle etc
- Continuation - Price again breaks out of the consolidation zone and continues
some of the live Nifty examples are mentioned below for better understanding
Some of the Bank Nifty charts for ready reference
Breakdown - retest from bottom & continued lower
Breakout and twice retest
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
BullishBuy around 12.80
T1 -19
Company with gud valuation and durability
I will add til 7.8 small amount for gud return is expected
Currently in lower circuit . likely to hold around 12.8
#DUCONDUCON failed the reversal and never reached the conditions
H > 16.30 and C> 15.20 with a strength
will be a highest high on the leg and be a BO2
+
CCI34
+
EMA Alignment
=Reversal
#DUCONH > 16.30 and C> 15.20 with a strength
will be a highest high on the leg and be a BO2
+
CCI34
+
EMA Alignment
=Reversal
Ducon Infratechnologies Ltd(DUCO) Bullish Harami Cross ..Ducon Infratechnologies Ltd(DUCO)
Pattern : Bullish Harami Cross Candlestick
Target 38/44/50
