DAAG Long Trade
Rationale : DAAG has been in a bearish channel (bull flag) since Dec 2024. Recently, the stock trended at the upper level of the channel, absorbing overhead supply. Today, it broke out of the channel with a huge volume metric imbalance and gradient, taking price above the axis line.
🚨 TECHNICAL BUY CALL – DAAG🚨
- Buy 1: Current level (Rs. 92)
- Buy 2: Rs. 86.5
- Buy 3: Rs. 82.2
Target Prices
- TP 1: Rs. 100
- TP 2: Rs. 116.8
- TP 3: Rs. 129.8
Stop Loss - Below Rs. 76 closing basis
Risk-Reward Ratio1:- 3.25
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Rationale : DAAG has been in a bearish channel (bull flag) since Dec 2024. Recently, the stock trended at the upper level of the channel, absorbing overhead supply. Today, it broke out of the channel with a huge volume metric imbalance and gradient, taking price above the axis line.
🚨 TECHNICAL BUY CALL – DAAG🚨
- Buy 1: Current level (Rs. 92)
- Buy 2: Rs. 86.5
- Buy 3: Rs. 82.2
Target Prices
- TP 1: Rs. 100
- TP 2: Rs. 116.8
- TP 3: Rs. 129.8
Stop Loss - Below Rs. 76 closing basis
Risk-Reward Ratio1:- 3.25
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.