Donear testing 100 day exponential moving average (DEMA)! Last five candle tells the whole story!! Sellers have tried to push the price down from 6th april with a pin bar formation. However buyers have managed to push the prices again near 100 DEMA from 55-57!! If we see a close above 65, means buyer have an upper hand and stock can move further north!! Stop...
Short term breakout with volumes. Last candle piercing the bollinger band and RSI in overbought territory. Wait for correction to buy for a long term target of 150. Best price to enter is 75-78
Donear could be considered for investment. It could be taken above 88 as this will confirm strong uptrend and would prevent people from facing the probability of double top.
Donear Industries Ltd. engages in the manufacturing and sale of textiles. It operates through two segments: Manufacturing and Dealing in Textiles and Rentals Property. Its products include suiting, trousers and shirting fabrics. The company was founded by Vishwanath Laxminarayan Agarwal in 1977 and is headquartered in Mumbai, India.
DONEAR
