DCM Shriram Ltd. is a diversified company with business in agri, chemicals, plastics, cement, textiles and energy services. They are having two broad operational thrusts namely, the energy intensive businesses that include chloro-vinyl chain and cement and the agri-businesses that cover urea, sugar, hybrid seeds and agri-merchandised inputs. The business portfolio...
📊 Script: DCMSHRIRAM
📊 Sector: Diversified
📊 Industry: Diversified - Mega
Key highlights: 💡⚡
📈 Script is trading near neck line that is support of Double Top pattern as seen into the chart .
📈 Script may take support at 862 level and bounce back from there.
📈 One can go for swing trade for medium to long term.
⏱️ C.M.P 📑💰- 872
⚠️ Important: Always maintain...
DCM Shriram Ltd. is a diversified company with business in Agri, chemicals, plastics, cement, textiles and energy services. DCM Shriram Ltd CMP is 960.15.
The Negative aspects of the company are Declining annual net profit, MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving cash...
DCM Shriram Ltd. is a diversified company with business in agriculture, chemicals, plastics, cement, textiles and energy services. DCM Shriram CMP is 938.55.
The Negative aspects of the company are MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs increasing stake, improving annual net profit, and Improving...
Strength Gaining Stock!
DCM Shriram Ltd #DCMSHRIRAM
1- Breaking out Resistance
2- High Weekly Volume
3- Outside Bar
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
🔍 Overview 🔍
DCMSHRIRAM, has been facing strong resistance at the 910-920 level since November 2022. Interestingly, the 910 level has been acting as both support and resistance since June 2021. Today, we witnessed a breakthrough of the 910-920 level with a significant surge in volume. This breakout occurred on the weekly and daily charts, making it a crucial...
Good for long trade for a momentum upmove
Buy above 926
Sl 898
Tgt 980 1000 1025
Ask your financial advisor or broker before taking any action based on my view
Only for educational purposes
It will be good to take entry on NSE:DCMSHRIRAM while price retest level of 864 with stop loss of 830. My expected upside level of 894 & 935.
Note: This is my personal analysis, only for learning. Thanks.
Going long with support line as Closing basis stop loss. This month stop-loss going to be wider because market is trending and supports levels are far. Please keep in mind on position size before initiating the trade.
