DCAL has broken out of the ₹200–₹212 resistance zone with strong bullish momentum.
A gap-up breakout ("Run Away Gap Created") is accompanied by a significant increase in volume, signaling strong buyer interest.
Higher Lows (HL):
The chart shows consistent higher lows, indicating a strong uptrend and accumulation phase prior to the breakout.
Stage 2 Breakout:
The price has entered a new stage of momentum, with potential targets at higher resistance levels (₹240 and ₹254).
Support Levels:
Immediate support is at the breakout zone of ₹190–₹200.
Stronger support lies at the upward trendline near ₹180.
Trade Setup for Next Week:
Entry Point:
Ideal entry is ₹212–₹215, post breakout confirmation, ensuring the price sustains above the resistance zone.
Targets:
First Target: ₹240 (minor resistance area).
Second Target: ₹254 (major resistance, "Stage 2 Breakout Level").
Stop-Loss:
Place a stop-loss just below the breakout level at ₹190, as a breach would invalidate the breakout.
Exit Plan:
Short-term traders: Exit around ₹240.
Medium-term traders: Hold for ₹254, using a trailing stop-loss to secure profits.
A gap-up breakout ("Run Away Gap Created") is accompanied by a significant increase in volume, signaling strong buyer interest.
Higher Lows (HL):
The chart shows consistent higher lows, indicating a strong uptrend and accumulation phase prior to the breakout.
Stage 2 Breakout:
The price has entered a new stage of momentum, with potential targets at higher resistance levels (₹240 and ₹254).
Support Levels:
Immediate support is at the breakout zone of ₹190–₹200.
Stronger support lies at the upward trendline near ₹180.
Trade Setup for Next Week:
Entry Point:
Ideal entry is ₹212–₹215, post breakout confirmation, ensuring the price sustains above the resistance zone.
Targets:
First Target: ₹240 (minor resistance area).
Second Target: ₹254 (major resistance, "Stage 2 Breakout Level").
Stop-Loss:
Place a stop-loss just below the breakout level at ₹190, as a breach would invalidate the breakout.
Exit Plan:
Short-term traders: Exit around ₹240.
Medium-term traders: Hold for ₹254, using a trailing stop-loss to secure profits.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.