DCL LONG TRADE -Second Strike
DCL recently broke out from a Cup and Handle pattern with supportive volume analytics, confirming the strength of the uptrend. Given the stock's rapid appreciation phase in the newly formed uptrend, we identify another opportunity for re-entry. The stock has formed a bullish IFDZ and several bullish imbalances, suggesting the possibility of a second strike and further gains.
🚨 TECHNICAL BUY CALL – DCL🚨
- Buy 1: Rs. 14.49 (current level)
- Buy 2: Rs. 14.15
- Buy 3: Around Rs. 13.2
- TP 1: Rs. 16.5
- TP 2: Rs. 17.5
- TP 3: Rs. 19.4
- Long-term TP 1: Rs. 20.75
- Long-term TP 2: Rs. 22.1
- *Stop Loss*: Below Rs. 12 (Day Closing)
- *Risk-Reward Ratio*: 4.2
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
DCL recently broke out from a Cup and Handle pattern with supportive volume analytics, confirming the strength of the uptrend. Given the stock's rapid appreciation phase in the newly formed uptrend, we identify another opportunity for re-entry. The stock has formed a bullish IFDZ and several bullish imbalances, suggesting the possibility of a second strike and further gains.
🚨 TECHNICAL BUY CALL – DCL🚨
- Buy 1: Rs. 14.49 (current level)
- Buy 2: Rs. 14.15
- Buy 3: Around Rs. 13.2
- TP 1: Rs. 16.5
- TP 2: Rs. 17.5
- TP 3: Rs. 19.4
- Long-term TP 1: Rs. 20.75
- Long-term TP 2: Rs. 22.1
- *Stop Loss*: Below Rs. 12 (Day Closing)
- *Risk-Reward Ratio*: 4.2
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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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.