DISHMAN CARBO AMCIS LTDPembelian
DCAL - READY TO SOAR - A buy on DIP stock
Diupdate
AGAINNNNNN....
with a big OPPORTUNITY in DISHMAN CARBOGEN AMCIS LTD🚀🚀
This stock has completed its correction and it's now ready to move towards north. let see how?
Technical view- a simple understanding for beginners
* The stock has given a breakout with good intensity of volume.
* The price changed its structure from lower low to higher high
* Stock price is challenging Upper Bollinger Band
* RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum
https://www.tradingview.com/x/y8y3zqe2/
Understanding Waves
Key Elliott Wave Principles:
1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective.
2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend.
3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves.
4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction.
Current Elliott Wave Analysis on DCAL
- The stock is currently in bigger IMPULSE Wave in which it has completed wave 1 and wave 2 (correction) now it is in the bigger and the strongest wave 3
Targets - generally the targets of wave 3 goes up to 1.618 levels with TREND FIB from wave 1 to wave 2
* In this stock, the targets as per wave theory is around 425.70
* Intermediate targets as per technical view are 247-290-375-425.70
Invalidation / stoploss - invalidation of the up-move is 80
https://www.tradingview.com/x/ntPlWG36/
Trade Plan-
* one can add at current levels and again if it comes down you will get an opportunity to add more till 150-140
* Invest keeping in mind for short to long term view, not for speculation.
THANK YOU
KARANN DINGRA
with a big OPPORTUNITY in DISHMAN CARBOGEN AMCIS LTD🚀🚀
This stock has completed its correction and it's now ready to move towards north. let see how?
Technical view- a simple understanding for beginners
* The stock has given a breakout with good intensity of volume.
* The price changed its structure from lower low to higher high
* Stock price is challenging Upper Bollinger Band
* RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum
https://www.tradingview.com/x/y8y3zqe2/
Understanding Waves
Key Elliott Wave Principles:
1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective.
2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend.
3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves.
4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction.
Current Elliott Wave Analysis on DCAL
- The stock is currently in bigger IMPULSE Wave in which it has completed wave 1 and wave 2 (correction) now it is in the bigger and the strongest wave 3
Targets - generally the targets of wave 3 goes up to 1.618 levels with TREND FIB from wave 1 to wave 2
* In this stock, the targets as per wave theory is around 425.70
* Intermediate targets as per technical view are 247-290-375-425.70
Invalidation / stoploss - invalidation of the up-move is 80
https://www.tradingview.com/x/ntPlWG36/
Trade Plan-
* one can add at current levels and again if it comes down you will get an opportunity to add more till 150-140
* Invest keeping in mind for short to long term view, not for speculation.
THANK YOU
KARANN DINGRA
Trade aktif
it rose from 212 to 296 which is almost 40% in just a few days
one can start booking their gains as per their convenience
thanks much
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.