DYNAMATEC has seen a good weekly breakout after almost a consolidation of 2 months with good volume on daily TF.
The company has increased institutional investing and a healthy QoQ growth to add to strength.
Good for positional traders. Can hold or about 2 - 3 weeks.
Entry - INR 7950
SL - (DL) - INR 7580
TSL - According to your risk profile.
Disclaimer:...
DYNAMATECH 4126
Open Targets and Open SL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is...
Introduction:
"Dynamatech's stock price has been showing signs of strength lately, breaking through two previous resistance lines on the weekly chart and trading at a long-term high."
This statement suggests that Dynamatech's stock price has been steadily rising over the past few weeks, and has recently broken through two key levels of resistance that were...
Cup and Handle breakout on the daily and the weekly charts plus on the verge of breaking the 52 week of around 2645.
After breakout, it will face resistance at 2780-2800
The stock gave breakout near 30 weekly moving average along with increased volume. The relative strength w.r.t. nifty is strong. RSI too crossed 60. Also very low volume during consolidation. HH and HL on daily time frame started.
IT sector is playing good and still performing better than Nifty at the moment. There has been only sideways consolidation in most of the big guns while the broader market is slipping down.
This is a simple analysis where we will wait for the volume confirmation with a candle confirmation to enter for a long.
Kindly note that this is not a recommendation....
CMP 733
I personally feel this will be EXPLOSIVE in the coming days.
Look at the volumes a the breakout out of a 3 VCP.
With 50DMA and 200DMA t their positions, I strongly believe that with this momentum, we would see a Golden Cross sooner than later.
A lot of positives here.
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I believe in keeping the chart simple with minimal...
