DCM 97.05 TGT 200 SL 70 RETURN 100% RR >3.7 TF <12M Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return...
Breakout Soon Stock DCM Ltd. Volume Buildup Seen on Weekly TF. Trading near Breakout level. Debt to Equity Ratio - 0.04 Keep on Radar.
DCM is showing a good setup we need to wait till the breakout to happen with volumes to consider it for a trade setup is very lucrative.
Key factors 1) Trend line breakout stock 2) Volume good 3) bounce from 200 EMA~weekly tf 4) Fundamentally strong 5) Technical this time buy side DCM buy~~ CMP 80.55 Target 120, 150+ SL 43
Trend change confirmed at 21.85 based on 123 trend change criteria. Ascending triangle is broken. The stock is above 200 MA Next entry above 23.75 Target around 32. Good luck!