Ducon Weekyly Good Retest of Inverted Head n Sholder neckline. Taking support of 200 EMA on daily chart.
Good to Buy at 20-21 range SL of Hammer low 16 on weekly basis hold for target of 91 and 100+
Dear all,
The above chart presents a simplicity of trading, its the heart and soul of trading, let it be a trend following system or investor or day trader or scalper -its as easy as kids ABC
Let me explain my points with the simple yet powerful setup with above chart and more examples:
Points to consider in every setup(conservative)
- Consolidation
-...
Buy around 12.80
T1 -19
Company with gud valuation and durability
I will add til 7.8 small amount for gud return is expected
Currently in lower circuit . likely to hold around 12.8
DUCON failed the reversal and never reached the conditions
H > 16.30 and C> 15.20 with a strength
will be a highest high on the leg and be a BO2
+
CCI34
+
EMA Alignment
=Reversal
