Bulls need to returnDEWA is under pressure it has already announced good dividends but for now its not holding. Need of the hour is to break the resistance of 2.50 with good volumes so that it does not come back at the same zone in near future. If bulls dont flex up then there are chances seller will drop the price till about 2.35 zone. Hope that does not happen we want to see fresh buyers jumping in to push price higher.
Strong resistance at 2.50 that a tuff nut to crack previously it has tried twice but got rejected trapping buyers right at the top. Lets see this time if its a success!!
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Dewastockprice
Bullish ReversalFinally after a long time we are seeing some bullishness in DEWA!!! but due to global scenarios i think it will open with a gap down and later during the session it mite recover and close positive. I think any dip from here is buying opportunity. Lets catch this train!
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Will it go lowerIts been not able to hold the gains lates. Dewa stock is under pressure for now. Today it closed below the important support level. From todays closing more down side is expected. It may go down till 2.70-2.75 but overall this stock will out perform all the stocks as its very strong fundamentally and have also announced very positive dividends!! for now in a no trading zone.
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Confusion ModeLooking at the fundamentals its very strong, it opened with a bang but as of now its under correction mode as still we can see profit booking in play. There are 3 scenario from here either we see a green candle tomorrow to confirm a bullish price action or it will come down to retest 2.75 zone again or it will break the support to go down further to touch 2.60 what ever the case might be over all this stock is a must in our portfolios. If you can grab at lowers levels and hold it you will smile later.
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