Donear Inds cmp 106.11 by the Weekly Chart viewDonear Inds cmp 106.11 by the Weekly Chart view
- Support Zone 90 to 100 Price Band
- Resistance Zone 116 to 125 Price Band
- Price shouldering along the Rising Support Trendline
- Breakout from Falling Resistance Trendline well sustained
- Bullish Rounding Bottom done by Resistance Zone neckline
- Support Zone tested retested prior to price moved to upscale
- Volumes are intermittently spiking heavily over past few weeks
Donear Industries Limited
No trades
Market insights
DONEAR - ONLY FOR WATCHLIST Using weekly chart to show complete picture.
(Review daily chart for re-confirmation)
Several attempt was made to cross 121/122 range..
10th June : Stock again toughed the same but close below
11th June : Open above resistance (123) made day high of 130
(Gave away entire day end gain to close at 123 levels)
Positive : Still holding above 123
(THIS ANALYSIS IS JUST TO KEEP IT IN RADAR IF SHOW POSITIVE MOVE TOMORROW -- TARGET 150)
#Donear BO at 119#Donear Industries
Ltd manufactures Textiles and deals in
Rental Property. CMP 135. Price moved abv the 120 after 74 weeks and retested it before moving again. Fundamentally PEG at 1.03 and shown good sales growth in last 3 years. Only concern is growing debt. If same growth trajectory remains then hopefully debt can also be taken care of. Current D/E ratio is 1.65 which is high.
Donear Industries : 42% to 583% Upside Potential#Donear Industries : 21 Jun 2024
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In Play : HH : HL
Summary
• CMP : 138.72
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice CONSOLIDATION of around 17 months
• Trading right ABOVE VP mountains
* BO with good volume
* ATH : 241
Conclusion
• CMP 138.72
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 187
o Potential Levels : 352/597/785/944
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Donear Industries Ltd:- Ascending Triangle Donear Industries Ltd:- Ascending Triangle
58% Upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Symmetrical Triangle Pattern, Institution Active In This Stock📈 DONEAR looking good
✅ Symmetrical triangle breakout above 112
✅Strong support from 50 EMA
✅ High Volume & rise in adx showing strength in upside momentum
✅ Revenue more than Doubled in last 3 years
✅ Promoter holding 75% unpledged
✅ Roce & Roe is good but book value is poor
✅ Compounded Growth:- sales 15%, Profit 45% , CAGR 48%
Consolidation Over for DONEAR1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one-day price drop
After a consolidation of nearly 8 months NSE:DONEAR is showing signs of a new up move, buy with a stop at ₹100.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
DONEARNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading






















