wayfarerTrades

Multiple Bullish Patterns!! A Strong Candidate ?

NSE:DCXINDIA   DCX SYSTEMS LTD
DCXINDIA has crossed the resistance with a strong candle after retesting and this move is supported by volume as well. It might move to target marked in some time.

Short term chart shows a formation of Head and Shoulders pattern while long term shows a rounding bottom pattern. Target to both are nothing less than 20%. It can also be an added confirmation of a positional buying setup/ investment.

Simple charts, so that, everyone can understand. I'll be posting more such ideas like this. Until that, like share and follow :)

Thanks,
Wayfarer.
keep learning and keep earning.


Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions.

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