The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (1) and (2), which are shown as blue numbers on the daily chart. Wave (3) appears to be underway at this time and might reach a maximum length of...
attern Analysis- Thats a V shaped fall, which is a directional signal and an indication of extreme weakness. Fib Analysis- The retracement to 38.2% is an indication of continued weakness. The support is at 82.40 below this the weakness will only intensify. MA- Price is now below all the MA's and they will all converge which is again an indication of extreme weakness.
Entire sugar industry rising. I like fundamentals of E.I.D Parry. Also like Dwarkesh. technically bullish. I guess inflation in sugar prices & ethanol volumes leading to stock price inflation expecting better results. Parry, Balrampur, Dwarikesh, Triveni all looking good. Rise in crude oil, less than expected monsoon all factored in shortage. Exports has been...
📊 DETAILS Sector: Sugar Mkt Cap: 1,866 cr Dwarikesh Sugar Industries Ltd is primarily engaged in manufacturing of sugar and allied products. It has strong presence in fields such as sugar manufacturing, power and ethanol/ industrial alcohol production. It is also a bio-energy company with supporting businesses of sugar manufacture and power co-generation. ...
A clear chart of decending triangular pattern formed on weekly TF ,Buy at CMP keep sl and target mentioned on chart . happy trading(:
📌Strong Weekly BO candle ✅Keep on Radar DWARKESH + Breakout after a Good price Buildup + Validated with Volume + Trading above Key EMAs
DWARIKESH SUGAR - Clear cut breakout on chart and target is 117 initial with SL 87 and second target will be 125-133-142-150+
NSE:DWARKESH poised to move towards 150 in coming months nice breakout in weekly timeframe cmp is 103 This analysis is being done for educational and knowledge-sharing purposes. This article does not offer any kind of buy or sell advice. All stocks are positional and are held for a short to medium period of time. Everyone is expected to conduct their own...
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Detailed View about this Breakout: No.of Resistance: 6 No.of Support: 5 Consolidation Days: 475+ Days I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
#Dwarikesh Sugar was at 148 few months back and then touched 75 almost 50% correction from the top. Now price is at 98 and coming from the zone and forming base 1. Can be added for good upside. Sugar sector plus festive season plus fuel blending is playing the game. Please do your own study before investment.
DWARKESH cmp-93.20 sl-89 tg-96/98/100+ . . . . . . . . . . . . . This level is only for education purpose.
pl go with chart & see target it may go 150 first target. because of trend is upward
Broke the resistance and will expect to give a good rally.
Exhaustion of selling + strength in sugar sector+ weekly strong support+ volatility contraction+ good risk to reward ratio+ earnings near+
SWING TRADE OPPORTUNITY The level of 88 is very crucial for the stock. Since Feb 2022 it breaks this level only once and recovered immediately. It is showing utmost respect to this level as shown in the chart. And on top of that it is forming symmetrical triangle. So it unlocks a good Swing trading opportunity for decent returns.
Technical entry bove 100 with sl 94 and target 118 as mentioned in the chart (Trendline breakout +Rsi breakout) Risk/reward =1:3