DP Wires Ltd.

DP Wires (Daily Timeframe) - Can it sustain the momentum??

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DP Wires has been on a downtrend till Apr 2025 and ever since has been forming Higher Lows which is a bullish signal. Short-term EMAs are in PCO state. With today's bullish candle the stock has broken out of a key resistance trendline with huge volume spike.

The stock may reach 331 levels & thereafter 393 levels if the momentum continues on the upside. We could see levels of 198 if the stock reverses to the downside.

Keep monitoring the price-action!!

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