DVL: On the Brink of a Wave C Reversal – A Potential OpportunityCurrent Price: ₹396.80 (-1.86%)
DVL has completed a 5-wave motive structure and entered a corrective phase (ABC wave correction). It is currently approaching the Extended Wave C Zone near ₹350 - ₹369, which acts as a strong demand zone and potential reversal area. If prices sustain within this zone, we may witness a rebound.
Key Levels:
Buy Zone 1: ₹369 - ₹380
Buy Zone 2: ₹350 - ₹360 (Extended Wave C support)
Stop Loss: ₹326 (on a daily close below the Extended Wave C)
Target 1: ₹434
Target 2: ₹470 - ₹473
Key Observations:
Retracement ABC: Extended Wave C indicates a completion of correction.
Trendline Analysis: Price could bounce back toward previous highs if the demand zone is respected.
Risk Management: Use a stop-loss strategy for a controlled risk-reward ratio.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before making any investment decisions .
DVL trade ideas
SWING IDEA - DVLMACD crossover is in play on the weekly charts indicating bullish momentum. Once the crossover happens successfully, we can see a good rally upward at least up to the half way mark of the previous Swing High levels.
Formation of US Company for Bakery and Confectionary Business could be an added boost for the company to start seeing some up move.
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
SWING TRADE IDEADVL trading near abt ATH after range confirmation near abt earning day tried to breakout its resistance line once it gives close abv 350 we can plan to take swing position for the target of 50% minimum by keeping the SL of latested swing low or by considering entry candles low if the candle is strong bullish with gud volume.
DHUNSERI VENTURES LONG SWING IDEA DUNSERI VENTURES is now trading at 267.75
for now the long swing entry expected between,
255.90 to 245.20
and for the swing the target will be ,
target 1 : 289.10
target 2 : 320.05
target 3 : 350.00
and the sl : 232.30 respectively .
its just an idea for a trade ,
please do your own analysis .
comment if you found this informative .
Dhunseri Ventures Long Following a substantial increase from 100 to 350 levels in 2021, Dhunseri Ventures underwent a consolidation phase for approximately two years. However, in June 2022, the stock retreated to 200 levels but subsequently experienced intermittent upward movements, leading to higher levels. If the stock surpasses the 266 level, it appears that an upward trend may emerge, indicated by a triangle formation observed on the charts.