Dollar industries ready for a breakout buy after candle retest Dollar industried ready for a breakout with and Cup and Handle pattern and within a triangle
Take profits accordingly
DOLLAR trade ideas
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in DOLLAR
BUY TODAY SELL TOMORROW for 5%
DOLLAR Near BO [Weekly]DOLLAR is near a large weekly base BO, almost ~6% away from it. A couple of weeks back good volumes did try and touch that level.
As a fan of trying to catch stocks before BO as post BO they generally get extended, this might be that one scrip i am able to screen and check right now. RS scores considering 750 stocks in NSE are as follows :
1st Mar - 53
7th Mar - 60
15th Mar - 58
22nd Mar - 60
RS score hasn't really improved tbh but the chart looks solid and considering the market we saw the last couple of weeks, it held its 50 DMA when breached although with lower than average volumes.
If market conditions improve, will be tempted to take a position here with SL of 476 small weekly base pivot point.
nse:dollar Back to rejection pointNSE: Dollar back to rejection point if able to break and sustain than big possible
DOLLAR BO [DAILY]DOLLAR giving a BO on daily timeframe, Just look at the volumes these last 10 days, clear indication of something going on here. Market conditions not the best for me to enter here but a good candidate to keep in watchlist to buy at the BO support level if interested.
Other names in this same theme which are interesting are PAGEIND. RUPA and LUXIND are not so good for now.
Will update further in comments if this gives a follow through post some consolidation.
My Pick For January 2024-volume is ready for boom building its base
-rsi is normal as of now but keep eyes in it
-above crucial levels
-expecting good returns from this in upcoming months
Trend Change1. Price BO falling trend line
2. EMA squeezed and price sustaining above them
3. initial structure change sign
4. a good RR
You don't have to be a SCHOLAR to see the pattern in DOLLAR IndsStandard Cup and handle Pattern on Weekly Chart.
Retracement from key dual supports.
Downside is almost arrested.
Low Risk High Reward.
Slow Mover. Momentum will pick up later as MACD is turning bullish too.
Weekly breakout dollar industryStock formed very good bais with good volumes and gave breakout of trendline with good volume it's bit risky but it also look very promising . It's for education only.
DOLLER INDUSTRIES# DOLLAR IND #
BUY ABOVE - 442
CBSL - 350
TG - 640 - 650
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
DOLLAR BULLISHfundamentally weak stock but volumes are rising and something is cooking in this counter
Momentum GameTake Weekly Swing Trade and Grow your Protfolio.
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
SL can be Maintained below Breakout Candle
Rule 1 : Never Do Averaging if the Stock moves down ; One can Add more Qty if Stock moves Up
Rule 2 : On result day trail your SL at 15Min Time Frame
Dollar Industries Intermediate Term looks bullish!It appears that the price of Dollar Industries Ltd. has reached its lowest point after trying and failing to go below a certain level. Instead, it started going up again, which is a sign that a new upward trend may be starting. the price seems going above the highest point between the two lows, it confirms that the trend is changing to a more positive one and looks like Double Bottom .
The Double Bottom is a reversal pattern of a downward trend in a stock's price.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
DOLLAR Industries Trade SetupDOLLAR Industries trading at 426. It has given the breakout from this pattern.
The price can retest the around 412 before making new highs. Volume is also increasing that is reflecting in the share price.
Dollar Patter BreakoutNSE:DOLLAR Has confirmed flag pattern breakout with strong volumes.
stop loss can be followed by swing low.
DOLLARcurrently trading above 150 dma,100 dma,50 dma. average volume have increased. It is One of the countrys top 5 Hosiery undergarment manufacturers.
DOLLAR INDUSTRIES - GETTING READY FOR AN UPMOVEDOLLAR INDUSTRIES has given a 15 month old trendline BO.
Today it has given a strong candle closing and now will be
testing it's strong Support/Resistance zone placed
between 398-400.
200 EMA is also placed in same region.
We have seen good volumes in the consolidation phase.
Buy above 400 level (day closing basis) for positional
targets 415, 435 and 450.
Learn & Earn,
Dr. Tanya Kumar
DOLLAR INDUSRIES--READY TO BREAK MULTI YEAR RESISTANCE.~Dollar industies is about to break major resistance after failed break out.
~Weekly chart always respect to 20 w ema line.
~Currently it is in consolidation.
~Forming head and shoulder pattern.
ACCUMLATION SIGN5 yrs accumlation visisble in cup formation and sudden emergance of volume in RH side of CUP indictes accumalation abou tto complete is supply dries up may give good move note its weekly chart
DOLLAR - Ichimoku Bullish Breakout Stock Name - Dollar Industries
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 547
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
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Swing or Buy Today, Sell Tomorrow: DOLLARDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Channel Breakout in DOLLAR
Buy Today, Sell Tomorrow: DOLLAR
