DHANUKA formed a descending channel pattern on daily chart. Price broke out resistance with strong bullish candle. Also note the volume on breakout that is above average. Multiple support and resistance were tested before the breakout. There was a strong runup prior to formation of this pattern showing buyers interest. Formation of hammer candlestick pattern prior...
bullish flag in weekly chart in Dhanuka agriculture
DHANUKA is an Agro-Chemical Manufacturing Company. The chart is a Weekly Timeframe analysis of Dhanuka. We can see some good technical analysis points. 1. We can see a good support of 200 Moving average in Weekly Timeframe. 2. We can notice a Fakeout move in Dhanuka. 3. Dhanuka has broken its resistance trendline too and is consolidating above it. There is some...
For my followers i have a good news will be sharing some ideas for the coming year .. please like and share if you like .. i will appreciate each n every effort of yours My pick -1 Cmp - 1020 Buy above 1050 TGT - 1250-1500-2000+ SL - Below 900 Pattern observed : cup n handle Pro's: Increasing profit margin Increasing EPS ROCE 27 ROE 21 Low P/E 19 Debt free...
📈 #DhanukaAgritech is on a remarkable breakout journey, capturing attention in the market! 🚀🌐 Watch closely for its sector breakout dynamics and the exciting surge to the 52-week high! 🔝💹 #TrendingViews #MarketAnalysis #StockBreakout
Nice consolidation near resistance and a breakout with volume. #Dhanuka might start a new journey. Keep eyes on it CMP- 840.75/-
Dhanuka looks good here. Have added half qty at 821. Will add more at retest and next breakout levels.
Monsoon season is coming soon, and it is expected to be a good monsoon season this time that will be beneficial for agri stocks like Dhanuka. Current pattern of Dhanuka presents a good trading opportunity. Stock is creating a base near 700. There is a positive divergence on leading indicators as well. One can go long at CMP and add more positions when a weekly...
Looks to be a good risk to reward trade with a possibility to give 10% in a short term, reasons as below: 1. Double bottom formation at previous support 2. RSI divergence on daily time frame Disclaimer: for learning purposes
BO on Monthly with a retest on weekly. In daily forming a wedge whose bo will lead the stock to go above 1100. Watch closely...
MULTIYEAR RESISTANCE BREAKOUT. LONG WICK BUYING PRESSURE ON DAILY CANDLE. SMALL RISK AND BEST REWARD. SL 920 ON DAILY CANDLE CLOSING BASIS. TARGET 1160 ALMOST 20 PERCENT.
The all time high levels are broken by dhanuka while forming a clean bullish flag and pole pattern, suggesting more upside to the stock. The fundamentals of this agri chem company are also very strong. It's time to go big on this.
Dhanuka Agritech - Moving to Stage 2 after long consolidation
Above 744 not breaking 690 can rally upto 930--------941+ Soon!! Looking hot!