Dynemic Products Ltd Daily (Chart)
Bounced from strong support of 250-260
Trendline break with volume
Safe can enter after trendline retest for targets in black lines
Volume increasing
In the Weekly Chart of DYNPRO ,
we can see that, It is forming Right Shoulder of Inverted Head & Shoulder pattern.
Also, we can W shape recovery in it.
Expected momentum is shown in chart.
Stock has confluence resistance breakout at horizontal level and on trend line. Volumes are strong and relative strength is moving up. Time to enter with small position and keeping adding at every pivot low.
NSE:DYNPRO
one can research this setup for potential 40%-50% gains
cmp is 362
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 research and analysis to...
Below: LOOK AT PAST PERFORMANCE TO BUILD CONVICTION
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
The stock has given a explosive follow-up buying followed by the breakout and retracement from an ascending channel with heavy volumes.
Now, it is ready to move up.
Do your due diligence.
Keep on radar!
Keep supporting! Keep learning!
