Dhanuka Agri is under process of Forming a Rounding Bottom. It has also break IMP resistance level. It has also given Kumo breakout. It will be also beneficiary of any positive move in Budget to rural economy. Buy with a Target of 845 and 910.
in monthly, price bounced from ascending channel support, also hidden bullish divergence seen here, in daily, price making higher and higher low, closed above upper BB and BB is expanding - sign of bullishness sl - 630, 1st tgt - 930, 2nd tgt - 1000.
Inverted Head& Shoulder pattern seen. A close above 708 would confirm the pattern from where one can initiate long position with 786 as target. 767 area could act as resistance where one can start liquidating longs. Focus on farming sector by the government could be a boost for the stock.
SHORT-TERM BUY CALL DHANUKA AGRITECH BUYING RANGE>>703-710 STOP LOSS>>680 TARGET>>775 800++ 1YR TGT 1150++SL-645
Awaited Strength candle which would signify reversal Fundamental Screened Stock!