wayfarerTrades

Multiple Bullish Patterns!! A Strong Candidate ?

Long
NSE:DCXINDIA   DCX SYSTEMS LTD
DCXINDIA has crossed the resistance with a strong candle after retesting and this move is supported by volume as well. It might move to target marked in some time.

Short term chart shows a formation of Head and Shoulders pattern while long term shows a rounding bottom pattern. Target to both are nothing less than 20%. It can also be an added confirmation of a positional buying setup/ investment.

Simple charts, so that, everyone can understand. I'll be posting more such ideas like this. Until that, like share and follow :)

Thanks,
Wayfarer.
keep learning and keep earning.


Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions.

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.