Very Strong Closing Done Today
Volumes are 10 times more than average volumes.
Clean Break Out given according to charts.
Previous Resistance Zone broken today after multiple attempts.
Short Term Targets : 400
NSE:DHAMPURSUG
Herewith Blue horizontal lines are support and resistance for long term trend.
One inclined line at closing of 13-Dec-2021 is short term trend line.
As per prediction, if trend follows trend line target of 361 will be achieved on 4-Jan-2022 which means 60+ points increment in next 20 days.
One of my favorite stock and good time to invest again 305 is the best time to entry and target will be 410.
This is education purpose only.
Cheers,
Happy Trading.
Hi Friends,
Pranam!!!
Today we are going to analysis the Technical analysis of
Dhampur Sugar Mill - DHAMPURSUG.
In Weekly TF:
The Script currently has support at the area of 286.75 and 242.50 &
resistance at 327.05 and 395 (52Week High)
Dynamic Support was below the price range.
Stoch RSI was in 6.41 which was in the oversold range.
MACD was evidence...
The stock gave a breakout and is now on what looks like retest and hence can be brought now for a good upside. Targets are marked on charts and comment for SL.
NSE:DHAMPURSUG Levels already mentioned.. Look for swing..
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Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views...
Dhampur Sugar is putting up a double bottom formation on the monthly chart.. Currently the price is at around the neckline. The PA on the lower timeframe can be observed for decisions around Trade Initiation.
1. Strong weekly/ multi year breakout with good volume.
2. Also double bottom breakout in monthly chart
Target 1 is all time high
Target 2 is height of double bottom pattern
