NSE:DYNPRO has taken bounce from major support 237
We can see long term move above 331 with SL of 305 .
Major targets levels are highlighted in blue lines.
Taken reversal from support aprox 253
it is complete long trade
Good above 286 on closing basis
showing bullish reversal pattern
Rsi (14)>40
Rsi(28)>40
Major support level for loNg term target is 225
After Breaking the important resistance of level of 340 to 342.
It looks Reversal is on the horizon.
Look out for the range of 470 to 480 in coming days.
Best level to enter seems 340, however seems very difficult to get there. If it dosen't go there, then I should be happy with 370.
Already in portfolio, it's not a recommendation. This is just for education.
*Executive Summary**
Dynamic Products Limited (DP) is a leading manufacturer of food colors and dye intermediates in India. The company has been in operation for over 50 years and has a strong track record of performance. DP has been performing well in recent quarters, with revenue and earnings growing steadily. The overall market for industrial products is also...
DYNPRO listed on NSE recovered to the recent high of 532, poised for a bullish breakout which shall extend gains towards the 580/600/630 mark in the coming sessions. Only a close under 480 shall negate bullish sentiments.
Dynemic Products is very reluctant to a recent market correction.
It has formed a Cup and Handle pattern recently and forming flags (base on base).
Bullish for the short term.
