4 Year Long Rounding Bottom Pattern
If weekly price gives breaks out above 500 with high volume and confirm the same with closing of candle, then only one should enter into the stock.
Disclaimer: This is for Educational purpose only, you can observe and learn this trade strategy and build confidence in your decision making while looking to enter in a potential...
Stock has formed rounding bottom pattern and near to its ATH levels.
Company has posted excellent results in Q2 on QoQ/YoY basis.
One can look for short to medium term trade with SL as per risk appetite for target of 510-515, which is around 10% from CMP. Breaching the 515-520 levels on weekly, monthly CB could take the stock to new territory.
Also one can hold...
The stock gave a minor breakout today and made a new 52W high.
The RSI is still bullish, and the setup looks ripe for the stock to make new highs and reach 515 levels.
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DOLLAR is currently at the crucial level, if broken then it could be a good stock to capture 5 to 6 % in a week.
So keep looking at DOLLAR and go for buying if closes above 435.
Dollar Industries Stock is about to complete Cup and Handle Pattern which is a bullish pattern . So the stock may go long.
Please check the chart for details. Mentioned clearly about the support and resistance points.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcomed
Keep an eye out for range breakout.
Flag and pole pattern breakout can be observed
Targets can be 360/380/420
Current price is also near 3 year high
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Dollar Industries Ltd. engages in manufacturing of hosiery and garments. The company offers its products through the following brands: Bigboss; Club, Myme; Force Go Wear; Force Denims; Missy; Ultra Thermals; Champion Kids; Kids Care; Foortprints; and Wintercare. Dollar Industries was founded by Din Dayal Gupta in 1972 and is headquartered in Kolkata, India.
NSE
