Positional or Longterm Opportunity in DCM Shriram

2023년 12월 3일

Go Long above 965.1 for Targets of 1044.7, 1124.3, and 559.4 with SL 885.5

Reasons to go Long:

1. On a Monthly timeframe the stock gave Trendline breakout. The stock was initially facing resistance from this trendline but now is taking support.

2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level.

3. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level & the Trendline.

2023년 12월 11일

액티브 트레이드

2024년 1월 6일

거래청산: 타겟 닿음

Target 1 & 2 achieved

2024년 1월 6일

노트

Target 3 is 1203.9