Technical Analysis of DHANI Services Ltd (DHANI)
Overview of the Stock- The chart provides a technical analysis of DHANI Services Ltd (NSE: DHANI) with key levels, indicators, and potential trading zones identified.
Key Levels and Zones
Support Levels:
Strong support at 50.
Additional support at 37.
Resistance Levels:
Immediate resistance at 61.48.
Stronger resistance at 68.
Consolidation Zone:- The price has been consolidating between 50 and 61.48 since July 1, 2024.
Indicators
EMA (200, high): This moving average indicates the overall trend. Currently, it's at 55.31, suggesting a potential upward bias.
Trading Ideas- Based on the chart, here are some potential trading ideas:
Bullish Perspective:
Breakout: - A decisive move above 61.48 could signal a bullish breakout, with potential targets towards 68 and beyond.
Accumulation: Buying more shares above 37 or below 50 during the consolidation phase could be a strategy to accumulate at potentially lower prices.
Bearish Perspective:
Breakdown: A break below 50 could indicate a bearish reversal, with potential targets towards lower support levels.
Remember:- This analysis is for informational purposes only and should not be considered financial advice. Conduct thorough research and consider consulting with a financial advisor before making investment decisions.
Disclaimer:- This analysis is based solely on the provided chart and does not consider fundamental factors. It's crucial to conduct thorough research and consider multiple perspectives before making investment decisions as I am not SEBI registered person to suggest any stock and this is my personal opinion for education purpose
Thanks for your support as always
Overview of the Stock- The chart provides a technical analysis of DHANI Services Ltd (NSE: DHANI) with key levels, indicators, and potential trading zones identified.
Key Levels and Zones
Support Levels:
Strong support at 50.
Additional support at 37.
Resistance Levels:
Immediate resistance at 61.48.
Stronger resistance at 68.
Consolidation Zone:- The price has been consolidating between 50 and 61.48 since July 1, 2024.
Indicators
EMA (200, high): This moving average indicates the overall trend. Currently, it's at 55.31, suggesting a potential upward bias.
Trading Ideas- Based on the chart, here are some potential trading ideas:
Bullish Perspective:
Breakout: - A decisive move above 61.48 could signal a bullish breakout, with potential targets towards 68 and beyond.
Accumulation: Buying more shares above 37 or below 50 during the consolidation phase could be a strategy to accumulate at potentially lower prices.
Bearish Perspective:
Breakdown: A break below 50 could indicate a bearish reversal, with potential targets towards lower support levels.
Remember:- This analysis is for informational purposes only and should not be considered financial advice. Conduct thorough research and consider consulting with a financial advisor before making investment decisions.
Disclaimer:- This analysis is based solely on the provided chart and does not consider fundamental factors. It's crucial to conduct thorough research and consider multiple perspectives before making investment decisions as I am not SEBI registered person to suggest any stock and this is my personal opinion for education purpose
Thanks for your support as always
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.
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.