DOMS Earnings Breakout from Falling Channel–Buy Dips into 2,42xSummary
Strong Q1 FY26 triggered a high-volume breakout above a multi-week descending channel. Price reclaimed prior supply, leaving an FVG at 2,42x–2,46x that may act as demand on pullbacks.
Chart Thesis
Structure: Liquidity sweep into 2,30x–2,33x, impulsive bullish candle breaks channel and retests flip zone.
Momentum: Intraday high ~2,569; watch for shallow pullbacks to the FVG/demand to join trend continuation.
Levels:
Long zone: 2,420–2,460
Stop: 2,375–2,385 (below flip/invalidation)
Targets: 2,630 → 2,750 → 2,950–3,000; extended 3,115 if momentum persists.
Fundamentals
Rev +26.4% YoY; PAT +8.8%; capacity expansion and distribution initiatives intact; valuations rich (P/E ~66–69), so manage risk and avoid chasing breakouts far from support.
Plan
Buy-on-dips only; scale out at targets; if daily closes back below 2,380, exit and reassess.
Disclaimer: For educational purposes; follow personal risk management.
