DALMIASUG Trading Within Demand ZoneDALMIASUG is currently trading at ₹351.05, slightly above the demand zone of ₹348.5 (baseHigh) to ₹338.05 (baseLow), established on 1st April 2024. This zone may serve as a support area, potentially attracting buyers at these levels.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
DALMIASUG trade ideas
Dalmia Bharat Sugar Strong Breakout from Symmetrical TriangleDalmia Bharat Sugar has successfully broken out from a long-term symmetrical triangle pattern with significant volume, indicating strong buying interest. The stock has rallied above 570, and with the RSI nearing the overbought zone, there is still room for upside momentum. This breakout suggests potential further gains, with the next target near 640. The volume surge supports this bullish trend, and traders should watch for sustained price action above 570 to confirm the rally continuation.
DALMIASUG bullish above 578..?? - 03 October.DALMIASUG: Bullish if ~2.5 year long consolidation range is broken on good volumes and sustains.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
Breakout Cup Pattern - Dalmia Bharat Sugar Industries Ltd Dalmia Bharat Sugar Industries Ltd appears to have formed a round bottom pattern.
Bullish - cup and handle pattern
Disclaimer: This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Round Bottom Breakout in CREST
BUY TODAY SELL TOMORROW for 5%
DALMIA SUGAR STOCK :- DALMIA SUGAR
TREND :- POSITIVE
SETUP :- ALL TIME HIGH BREAKOUT IN WEEKLY TIMEFRAME
TIMEFRAME :- WEEKLY
BUY :- AT CUREENT PRICE AND BUY ON RETESTING BREAKOUT LEVEL
STOPLOSS :- BREAKOUT CANDLE LOW
TARGET :- 20 %
NOTE :- please consult your advisor before investing in stocks which i recommended
DALMIA BHARAT Breakout from Long-Term Consolidation
✅ The stock has been trading within a long-term symmetrical triangle pattern, with the price recently breaking out above the upper trendline around ₹460. This breakout suggests a potential shift from consolidation to a new bullish trend.
✅ The breakout is confirmed by a significant increase in trading volume, indicating strong buying interest. The RSI is trending upwards around 65, signaling building bullish momentum.
✅ With the breakout confirmed, the stock could aim for higher levels, with potential targets around ₹560 and beyond. Traders should watch for a sustained close above the breakout level to confirm the continuation of the bullish trend.
Dalmia Bharat sugar (19 Aug 2024)Dalmia Bharat sugar (19 Aug 2024)
Monthly chart
since listing (October 2010) stock is consolidating around 45 to 50 months before breakout.
Now it is consolidating since last 47 months. We can expect good breakout in few months.
Disclaimer- This chart is only for learning purpose. It is not for trade.
Dalmia sugar is at a sweet spot to buy!Dalmia sugar is looking good to be a part of bull run of sugar stocks.
Levels are mentioned on chart. Stock is near 23.6% of Fibonacci retracement level. If level is broken, we can see stock moving to ATH as well.
However, Commodity stocks have an added risk of being news driven so trade with strict SL.
Idea shared strictly for educational purposes