#DMCC* Large rounding base getting formed
* Low volume pullback as the base was in its lowest
* Price is surfing the moving average
* Moving averages are correcting
* Relative strength is good / price has shown resilience in face of declining market breadth
* Highest volume ever and price moved by 12.79% in one day
* Expect a pull back, consolidation followed by continuation of the stock towards the upside
* Track the stock and enter at the right time by keeping in mind your risk profile
* Position size as per your context
This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing in financial markets involve significant risk, and past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any trading or investment decisions. The author is not responsible for any financial losses or damages that may result from the use of this information.
DMCC trade ideas
DMCC Speciality Chemicals LtdDMCC is currently exhibiting a strong bullish structure with clear signs of trend continuation. After a phase of consolidation marked by tight range-bound movement, the stock has broken out decisively, indicating the end of the accumulation zone and the beginning of a new impulsive leg.
The breakout occurred after a series of higher lows, showing that buyers were stepping in at increasingly higher levels — a classic bullish sign. The move above the recent range was backed by strong, wide-range bullish candles, suggesting aggressive buying interest and a potential change in market sentiment.
Furthermore, the price has reclaimed a key horizontal level that previously acted as a supply zone, and it is now being respected as a support. This shift from resistance to support adds further validation to the breakout. The structure now appears to be forming a new base on top of the old resistance, which is often a powerful continuation signal.
The overall chart shows a clear directional move, with the recent consolidation acting as a healthy pause. With momentum building and dips being bought quickly, the stock presents a favorable long opportunity as it prepares for the next leg up.
DMCC SPECIALITY CHEMICALS - Breakout + Retesting completedDMCC SPECIALITY CHEMICALS - Breakout + Retesting completed
1. On 1st week of December it had given a beautiful Triangle Breakout with Volume Burst
2. Last week, Retesting process was almost completed
3. Good to buy in the range of 350-340 zone
4. Target could be 480 to 525+
5. SL below 300 on weekly closing basis
Note: This is not a Buy/Sell recommendation. Please contact your financial advisor before investing.
Regards
Bull Man
Breakout in DMCC Speciality Chemicals Ltd...Chart is 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.
BREAKOUT IN DMCC📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF DMCC:-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
Dharamsi morarji chemical Dharamsi morarji chemical CMP:460 sl: 370(wcb) target: 500/626/750
Note: educational post
A Good "Chemistry"Dharamsi Morarji Chemical Company, DMCC as its well known in industry, is a decades old company into manufacture of sulphuric acid and related chemicals. It is into speciality chemicals and APIs too.
Recent quarterly results too give confidence of investment/trade in it. Now the company being listed on NSE too, it is now in the eyes of wider audience.
Technically too, two possible scenarios emerge. It's price is in sideways direction hovering between 300 to 400.
1. Entry when daily close above 400 with SL of 360 and target of 500. So R:R is 1:2.5
2. If the stock corrects from CMP, then try to enter near 330-340, with a SL of 300 and targets as 400 and 500. R:R will be 1:3 and 1:6 assuming entry near 330.
The 200 Day EMA is now at 325 will offer kind of support in either cases.
DMCC - Small company, big aspirations. An interesting company with expansions in all its capacities. The company has promised on all expansions.
Long at current price with stoploss below 320. This company is surely and add once again above 415 and once again above 440.
Even if the SL triggers i'd be interesting in again looking at buying the company around 300. (Or just take an allocation where the SL can be 295)
This could be the start of higher growth in the company which will lead to higher cash flows.
DHARAMSIDharamsi Morarji Chemicals Co Ltd
DHARAMSI
CMP: 386
- 1 year box consolidation near All Time High
- Stock moved from 130 to 400+ in 5 months (Nov 2020 to Mar 2021)
- Flag and pole pattern formation
DMCC SupportThe stock is on its support level. A wedge formation is underway. Should bounce back from these levels.
Dharamsi Morarji ChemicalThis chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Dharamsi Morarji Chemicals #DHARAMSI #StockMarket #StockToWatchDharamsi Morarji Chemicals---> Almost Debt Free
Consolidation in Triangle pattern
Good Volumes in Breakout
Look for Very Short term or Mid term Positional Bet
Enter at CMP for targets of 430+
Refer Chart for Entry Details.
=============================
Strict SL to be followed in Every Trade