DHANUKA trade ideas
DHANUKA AGRI TECH LTD. BuyStock is trading hear 200 EMA on daily time frame and 50 EMA on Weekly time frame. Stock is already showing its support level from historical chart and you can also watch valume in Red is low & in green is high.
Good Risk Reward if entry Now
Bullish candle from Trendline after a Long Shadow CandleLooks like a perfect entry
Small stoploss
EMAs are good
Bullish Candle after a Long Shadow Candle
Took Support from Trendline
Note: Only Educational Purpose
Bullish candle from Trendline after a Long Shadow CandleLooks like a perfect entry
Small stoploss
EMAs are good
Bullish Candle after a Long Shadow Candle
Took Support from Trendline
Note: Only Educational Purpose
DHANUKA - Long Setup, Move is ON..NSE:DHANUKA
✅ #DHANUKA trading above Resistance of 1280
✅ Next Resistance is at 1690
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DHANUKA TO RIDE THE WAVE AGAIN!#DHANUKA Analysis
Suggested at 824, did 1429 -> 72% done.
Fresh view now.
Cmp 1275, support 1200
Best above 1300, keep 1250 cbsl for cup and handle breakout.
Upside 1435/1615/1785/1999+ doable.
Fresh view above 2000 closing.
Dhanuka Agritech Ltd. Long OpportunityDhanuka Agritech Ltd is now trading at major support level 1050 and it can go up from here.
key fundamentals points
1. no debt
2. Free cash flow is positive
3. net profit is increasing from last 5 years
4. total assets are almost 4x of liability
VIEW ON DHANUKAGood weekly chart
Don't focus on intraday move
Stock has given a Breakout above 1050 previous week
Target 1300/1400
Stop loss 1200
I am just representing my views
For educational purpose only.
DHANUKA - Long Setup, Move is ON..NSE:DHANUKA
✅ #DHANUKA trading above Resistance of 1024
✅ Next Resistance is at 1280
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
-Zigzag Breakout above 1055-Made 52 week high today.
-Stock price is above key moving averages.
-Above 1055 its free to Roar in Bluesky
dhanuka agri tech- strong resultsdhanuka agritech might favour in the bulls zone, if pushes to strong close
#DhanukaDhanuka Agritech Q2 (YoY)
Profit up 39.5% at ₹101.8 cr Vs ₹73 cr
Revenue up 13.8% at ₹617.9 cr Vs ₹542.9 cr
EBITDA up 45.1% at ₹141.6 cr Vs ₹97.6 cr
Margin at 22.9% Vs 18%
Technically, waiting a closing able 900 for levels 1000+ long term 1500+
BREAKOUT, DHANUKA AGRITECH, 50% RETURNSBUY - DHANUKA AGRITECH
CMP - Rs. 840
Target - 1: Rs. 1029
Target - 2: Rs. 1272
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Timeframe - 2 months - 6 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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DHANUKA - Weekly Chart AnalysisAfter having a ~42% downtrend which started from July 2022 the stock have broken the trend line and mark the end of the down trend. Which means the stock can either go sideways or into an uptrend.
After breaking out of the base it went into a 12 week consolidation in ~14%range it has finally broken out. Volume support is seen too.
On a monthly timeframe it has retraced up to 38.2% zone and showing a reversal which is good sign.
Now 760-798 zone shall act as a good support. An ideal stoploss should be placed on weekly closing basis below 745 level.
It is trading above all its key moving averages.
Initial target would be the supply zones up ahead (903-930) and there after 960, 1019 and all time high 1053.
As per the trend based fib if everything went well a long term target of 1384 can also be tested.
Remember it's a long term target ie. 2-3years.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
DHANUKA - Weekly AnalysisIn the Weekly Chart of DHANUKA ,
we can see that, it has given Inverted Head & Shoulder breakout.
Let it retest the Trendline or enter on retest with Candles Low as SL.
Expected momentum is shown in chart.
Long Dhanuka AgritechIt looks like Head and shoulder formation for last two months with neckline at 805. Above 805, it can easily test 1,000
DHanuka levels marked --Bullish and can touch all time high DHanuka levels marked --Bullish and can touch all time high in coming months. 770 and 840 are expected in next few weeks.
Strong action in Dhanuka AgritechStrong action in Dhanuka Agritech. Keeping my eye on this stock. Sustaining above 810 will be a good breakout in this stock
Descending Triangle in dhanuka. bullish formationbullish dhanuka very good formation + long consolidation + good volume.
only for information and education purpose. please consult your adviser before investing.
#trading #long #midcap #india #agri #chart #bullish #chartpattern #priceaction #technical analysis
Dhanuka Agritech Dhanuka Agritech is manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules
Positional or Longterm Opportunity in Dhanuka AgritechGo Long above 740.1 for Targets of 817.45, 894.8 and 972.15 with SL 662.75
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0. Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
