we are looking DLINKINDIA in bullish move.
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Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any...
D-Link (India) Ltd is primarily engaged in marketing and distribution of networking products. The company is a leader in the shipment of switches and wireless local area network products with a market share of 30% and 40% respectively.
Fundamentals
The company is in the small-cap range having ROCE and PE in double-digit which is a good indicator for a long-term...
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DLink, looks strong in monthly and weekly, multiple times sellers have attempted to bring the price down at the major supply zone of 228-253, but buyers have won and the stock is moving up.
Weekly is moving in a narrow range consolidation, 3rd week, now, post the triangle compression breakout that happened.
One may look for consolidaiton BO in the upper side...
As seen in the chart, Dlink has formed a flag and pole which was broken 2 days back.
The flag is a beautiful cup and handle pattern which justifies strength.
This is an exceptionally good chart for a positional trade to buy on dips till 300 with an SL of 260.
A swing trade is risky at CMP with SL of below 290 DCB.
Targets can be 370, 400 and above.
Note:-
Idea is...
D-Link (India) Ltd. (1D)
CMP 318.30
Stock showing strength
At All Time High
Breakout of Cup and Handle Pattern on Weekly Time-frame
Continuously Higher High Higher Low Pattern intact on Daily Chart
Stock has given Breakout of previous Resistance and Retested that level
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Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
DLINKINDIA about to break out triangle pattern if broken and settled can be a potential swing trade.
please do you own research and money management.
THIS IS NOT A FINANCIAL ADVICE
BEST REGARDS
cmp 178
trgt 10%
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
D-link given breakout fisrt from H&S pattern weekly time frame now its givven breakout from Weekly time frame in longer time frame with very high volume
