DCL is trending in an Upward Wedge since Dec 2023. Upward Wedges often result in downward moves; recent variation in Volume Gradient and Price Action suggest a downward move to the bottom of the wedge and to the underlying Major Support.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – DCL 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 10.3-10.11
📈 TP1 : Rs. 9.2
📈 TP2 : Rs. 7.8
🛑 STOP LOSS: ABOVE Rs.11 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: High Conviction | 1:3.3
Caution: Please enter/exit in 3 parts in give range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – DCL 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 10.3-10.11
📈 TP1 : Rs. 9.2
📈 TP2 : Rs. 7.8
🛑 STOP LOSS: ABOVE Rs.11 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: High Conviction | 1:3.3
Caution: Please enter/exit in 3 parts in give range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.