DAMODARIND Nice Swing Opportunity ??!!! Better not to Miss!!!!Chart patterns look convincing for a long swing trade
Reasons
1. Cup & Handle is in process.
2. 0.618 fib level broken out with volume(weekly timeframe) .
3. Double bottom with low and higher low .
4. Good volume support at perfect levels.
Safe to get in after Cup & Handle Breakout....
Risky entry can be made if keeping the SL as Day close below 50.
Quick Target can be the Neckline(70 level)!!!
Fundamentally,
Operating activity has been showing good numbers.
Promoter pledge has been in the negative side of this stock...
Will update once it breaks out!!!
If pattern gets breakout....target as per pattern can be 120 level.
Let's see how it moves!!!
Note: Just Sharing my view...not a tip nor advice!!!
