-Bullish Candle With High Volume Looking Very Strong
-Taking support in trend line + Horizontal line
-trading above all crucial ema & sma should continue rally from here
-it was just a shakeout keep in radar can give decent return
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...
DCXINDIA is showing a great setup (HIDDEN BULLISH DIVERGENCE) and it is expected to deliver handsome returns in the coming session.
NOTE: I'm not a SEBI REG. Study before investing
IN this chart we clearly see that share is in uptrend. we can take entry in this with minimum stoploss .
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
Please 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...
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...
Today's stock for analysis is DCXINDIA.
This stock was recently listed nearly 50% premium over the IPO issue price of 207. Since its listing, the stock is in continuous downtrend as seen on chart.
However, from past few days, we can see a retracement coming from levels of 150 in the stock. RSI positive divergence is also visible.
175-178 is a strong supply zone...
After the listing, the stock was in extended downtrend.
From April month onward, trend reversal observed with rounding bottom pattern . The stock convincedly formed the strong base and moving upward for expected target of 50% from current level.
Other factors considered are 20 & 50 ema and Rising Volume.
Entry at retest or retrenchment level
Stop Loss...
With the EMS sector buzzing on all guns + defense stocks buzzing..this stock could be a major beneficiary.
Long above 222 for a sharp move up. This one would have a slightly deep SL after todays move at 200.
BUY - DCX SYSTEMS LTD
CMP - Rs. 194
Target - 1: Rs. 240
Target - 2: Rs. 265
Target - 3: Rs. 295
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Technicals - Cup and Handle Pattern BO
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This is just a view by an expert analyst, please invest at your own risk.
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