Breakout in DTF | DCM SHRIRAM IND LTD⭕️ Investing opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Trendline+Zone Breakout in DTF🔥
✅Making Strong Chart Pattern💪
✅ Making Higher Lows (Bullish Sign)🚀
✅Strong EMA Indicator🚨
✅ Volume Spike⬅️
✅Check out my TradingView profile to see how we analyze charts and execute trades.
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Trade ideas
BUY TODAY SELL TOMORROW for 5%DON’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
Trendline Breakout in DCMSRIND
BUY TODAY SELL TOMORROW for 5%
Resistance Breakout - DCMSRIINDPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
DCMSRIND Bullish; above 158 on Friday 24 Nov. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, 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%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"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 may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday 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.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
ATH BreakoutHOSE:DCM Shriram Industries Ltd.
-It is primarily engaged in production and sale of sugar, alcohol, power, chemicals, Drones (UAV) and industrial fibers.
-Consolidation Base Breakout .
-Breakout with 85% Relative Volume.
-Breakout with Strong Bar.
-Previous Volume Activity Shows Institutions Accumulation.
-Breakout into ATH.
DCM Shriram Industries the Gem💎DCM Shriram Industries
cmp 108
Reasons for selecting this stock🤍
🔹Interesting company
🔹Pullback done and expecting a upside movemnt
🔹Another breakout above 116-117 range
🔹Also company involved in armed vehicle manufacturing & drone manufacturing
🔹Furthermore Govt. decided to reduce defence import.It will be postive for the company
ABOUT THE COMPANY
DCM Shriram Industries Ltd is primarily engaged in production and sale of sugar, alcohol, power, chemicals, Drones (UAV) and industrial fibers
Dcmshriram industriesBSE:DCMSHRIRAM
Multiyear breakout and previous lifetime breakout with good volume. Also breakout cup pattern too.