DCM Shriram Limited
Long

Weekly breakout . Can be a silver lining at the end of a tunnel

129
DCMSHRIRAM
Time Frame :- Weekly
Study :-
  • Tested Twice in past .
  • Was in consolidation for long time(june 2021- November 2024).

Conclusion :-
₹1251 was a strong resistance. Breakout check ✅️

Time Frame:- Daily
Study :-
  • Was obeying Trendline
  • Tested trend line twice
  • Forming ascending wedge

Conclusion:-
Breaking of trendline . Breakout ✅️

Conformation:- Volume Breakout(breaking 20MA)Breakout✅️

Cautions ❗️:- RSI heading toward over bought zone so may correct for conformation. Do your own study before investing.
Stop loss :- Bellow previos day low

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