After breakout of Trendline & Inverse Head & Shoulder Pattern, stock can reach the previous resistance and fill the gap. Can expect a moment of 10-12%.
Good to Buy and Hold for 6-8 months.
Good levels to Buy - At Current level 533 or Best At 514, with SL - 488.
NOTE:- Please maintain good Risk to Reward as per your risk appetite.
-symmetrical pattern breakout above 570
-volume build up
-rsi retesting ready for momentum
-Setting up well around 50-DMA.
-Forming Oversold Shaper close to Hidden Pivot line
-Tight price action post 50-Day BBR
-A couple of Signs of Constructive Accumulation
Dreamfolks - Apna + 300 + Funda + Balaji
1) Got My Signal
2) Consolidation
3) In case it falls to Green Area, it it Time to ADD more and in HUGE quantity.
4) Wait for Oct 2024, to get 80% + returns
8 Day + Hourly Just above 300 ema apna, testing- Balaji (SUPER No Change Required + EMA )
1) Strong Consolidation
2) Hit my level in Criteria
3) Nice Tight trendline, to be broken with Higher circuit or Gap up expected.
Dreamfolks - Self Analysis
1) Monopoly business
2) REspecting HH HL
3) Respecting S and R
4) Respecting trendline
5) In case trendline breaks, reacculumate when reaches 450 level, below that Exit.
Dreamfolks facilitates customers of Clients’ access to the following airport-related services (i) lounges, (ii) food and beverage (iii) spa, (iv) meet and assist, (v), airport transfer (vi) transit hotels /nap room access, and (vii) baggage transfer. They facilitate access to 100% of the 54 lounges currently operational in India
Weekend Pick 2: DreamFolks
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Healthy Reserves vs debt free.
Note : FII - DII stake decreased, still overall looks healthy.
Technicals : Showing reversal at strong support Breakout after good correction.
R 1: 570
R 2: 635
R 3: 710, above that 800+ possible
S : 440
after a long consolidation, we see a good move today and I'm also considering this breakout and trying to keep the latest all-time high.
not a recommendation.
In the Weekly Chart of DREAMFOLKS ,
we can see that; it has shown a strong up move from support.
It might show a W shape recovery from support.
Possible momentums are shown in chart.
