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Price Action Keep eye on it buy only 61
T: 70 75 80+
Buy Near 95 - 85 with SL 75 for 200
Den Network on weekly chart.
Accumulate and Buy dips till 100
Target 200+ in medium term( 6-12) Months.
Den has damn green volume within it.
you can go for long.
1 - high volume observed
2 - cup pattern
3 - accumulation has done up to now
maintain stop loss based your type of long
Accumulate DEN at CMP (123+) and on dips upto 100
In weekly, double bottom formed then breakout happened above neckline, also round bottom formation is in progress,
also candles are pushing the upper BB upward and BB is expanding https://in.tradingview.com/x/klyDtj5n/
with a sl - 93, 1st tgt - 132, 2nd tgt - 168, long term tgt - 229
Target - Rs. 170
Stoploss - Rs. 75
Stock has formed a small IH&S pattern with a target of 130. SL can be kept at 98. Once resistance of 113-114 is cleared, it can move sharply to the target.
DEN NETWORKS LTD
BUYING ABV :-106
BUYING RANGE:- 106 TO 103
TGT :-125 130 134
Everything mentioned over chart... Not SEBI Registered ...
Views are personal... Consult your investment adviser before making trade....
breaking out to the consolidation zone between 105-175
Den Networks- cmp-100 buy for 1-2 yr view
Stock trending upside. First target 99-103. Second is 115-119 and the Third is 132-135 level. Price above on all Moving averages. Management commentary is very strong.
A weekly close with strength candle > 99 needed
Duration 3-6 months
consolidation appears to be coming to end stage at bottom levels. And stock is finding major resistance every time around 100-105. A break out may happen at 105 level. and next resistance is at 120 levels.
Its only an opinion and not recommendation in any way for investing or trading.