DCM Shriram Limited
Long

Consolidation and near breakout

219
Stock is giving breakout of 3 year consolidation and touching ATH, trading above monthly weekly and daily Bollinger band (20,2). Also above 10 & 50 ema. A good H&S pattern is also formed in weekly. Wait for small consolidation of 2-5 days to make an entry with a logical SL, currently RR is not in Favour

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.