DHANUKA BUYING RANGE 1030-1090 The stock has been correct a lot from it's peak but the fundamentals are still solid
Buying this @ 1090
Sl - 965 WCB(Weekly Closing Basis)
Mid term
DHANUKA trade ideas
Dhanuka ,1DPattern Is looking very good for Breakout , Nifty is also Supporting also all the stocks for Bullish Breakouts , This Is best time to enter in breakout stocks .
Consider Only those stocks that seems Technically strong with Good Volume Breakouts and Strong close .
Risk According to your capacity and aim for 40% and Risk upto 4-5% for this trade , Mainly you have to give the Room to Fluctuate the Stock , according to this flucations you have to decide your Stop loss .
Take Only A+ Setups , so that your Accuracy Should Be High and Returns also High
Follow for more Swing Ideas Like this
Descending Channel on DHANUKADHANUKA formed a descending channel pattern on daily chart. Price broke out resistance with strong bullish candle. Also note the volume on breakout that is above average. Multiple support and resistance were tested before the breakout. There was a strong runup prior to formation of this pattern showing buyers interest. Formation of hammer candlestick pattern prior to breakout signifies there is strong buying pressure with less sellers. Entry can be held just above breakout candles high with stop loss on breakout candle low.
Hope you liked this idea. If so, please boost this idea or leave a comment down on what your think. I'll be glad to hear from you. Otherwise happy trading :-)
DHANUKA: A good upmove LIKELY!DHANUKA is an Agro-Chemical Manufacturing Company.
The chart is a Weekly Timeframe analysis of Dhanuka.
We can see some good technical analysis points.
1. We can see a good support of 200 Moving average in Weekly Timeframe.
2. We can notice a Fakeout move in Dhanuka.
3. Dhanuka has broken its resistance trendline too and is consolidating above it.
There is some other reason of selecting this stock too.
Fundamentals of Dhanuka are good.
1. Profits rising every year
2. A debt free company
3. Presence of FIIs and DIIs, with public decreasing
4. A fundamental score of 6 on 9, which is good on fundamentals.
5. Stock P/E is 16, and its median PE is 18. So, there is an opportunity.
6. Analyst rating is BUY for a TARGET of Rs 900/-
If you go through the investments of FIIs, they started investing in September 2021 quarter.
Since September, the price of Dhanuka has been in a downward consolidation and FIIs are still sitting in it without any returns.
But they might have seen some good opportunity in Dhanuka and are still invested.
Now, there is a breakout in Weekly timeframe, and the stock is consolidating above above its horizontal resistance zone.
We can see a good upmove in coming weeks in DHANUKA
My Next Bet On For my followers i have a good news will be sharing some ideas for the coming year .. please like and share if you like .. i will appreciate each n every effort of yours
My pick -1
Cmp - 1020
Buy above 1050
TGT - 1250-1500-2000+
SL - Below 900
Pattern observed : cup n handle
Pro's:
Increasing profit margin
Increasing EPS
ROCE 27
ROE 21
Low P/E 19
Debt free
Increasing DI stakes
CONS:
DECREASING FII STAKE IN LAST QUARTER
Note : Do your own analysis.. Its my own views mentioned not any personal recommendations to buy or sell the mentioned stock .. let's learn n then earn together 💎
Dhanuka Agritech
📈 #DhanukaAgritech is on a remarkable breakout journey, capturing attention in the market! 🚀🌐 Watch closely for its sector breakout dynamics and the exciting surge to the 52-week high! 🔝💹 #TrendingViews #MarketAnalysis #StockBreakout
A new journey might begin. Nice consolidation near resistance and a breakout with volume. #Dhanuka might start a new journey. Keep eyes on it CMP- 840.75/-
Dhanuka enteredDhanuka looks good here.
Have added half qty at 821.
Will add more at retest and next breakout levels.
Dhanuka Agritech - bullish tradeMonsoon season is coming soon, and it is expected to be a good monsoon season this time that will be beneficial for agri stocks like Dhanuka.
Current pattern of Dhanuka presents a good trading opportunity.
Stock is creating a base near 700. There is a positive divergence on leading indicators as well. One can go long at CMP and add more positions when a weekly close comes above 800.
Expected targets from CMP are 800, 850 and 915.
You can keep a SL of 688 on weekly closing basis.
Dhanuka - A good long tradeLooks to be a good risk to reward trade with a possibility to give 10% in a short term, reasons as below:
1. Double bottom formation at previous support
2. RSI divergence on daily time frame
Disclaimer: for learning purposes
Dhanuka Agritech swingBO on Monthly with a retest on weekly.
In daily forming a wedge whose bo will lead the stock to go above 1100.
Watch closely...
DHANULA AGROMULTIYEAR RESISTANCE BREAKOUT.
LONG WICK BUYING PRESSURE ON DAILY CANDLE.
SMALL RISK AND BEST REWARD.
SL 920 ON DAILY CANDLE CLOSING BASIS.
TARGET 1160 ALMOST 20 PERCENT.
Strong and Ideal Flag & Pole formation with ~40% upsideThe all time high levels are broken by dhanuka while forming a clean bullish flag and pole pattern, suggesting more upside to the stock. The fundamentals of this agri chem company are also very strong. It's time to go big on this.
DHANUKA - Good play in Agro Chemical spaceDhanuka Agritech - Moving to Stage 2 after long consolidation
DHANUKA !!! Looks too hot!!! For a blast soon!!!!!!!Above 744 not breaking 690 can rally
upto 930--------941+ Soon!! Looking hot!
DHANUKA BREAKOUT FOR 2 YEARHigh Volume breakout with good fundamental.
Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing.
Dhanuka Agritech looking goodAfter long period Parabolic SAR give bullish signal and ADX slightly start increasing.( It may be give Breakout of Previous High 827.10)
