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
DHARMAJ trade ideas
#small cap stock ready for upward move?#smallcap stock Dharmraj crop Incorporated in 2015, manufactures and deals in pesticides including concessionaires of public health products for pest control, insecticides, herbicides, fertilizers and allied products related to research and technical formulations. its 1120 cr company with decent PE VS ROCE ratio, FII increase their stake from 5.5% in Mar'24 to 6.97% in June'24.
This week it has taken resistance from the important fib level of 349 and if next week it manages to sustain above this level then it can move up to touch 386,410,424,443(imp level). Once it will sustain above 443 I will try to trail to another important fib level of 537. Below this week's low of 290 it will become weak for the time being.
Since I am not SEBI registered please do your research before taking trade in this stock.
Please let me know your thoughts on this stock or if you want me to analyze any stock for you then please mention in the comments thanks for reading.
Dharmaj Crop Guard LtdDharmaj Crop Guard Ltd
Incorporated in 2015, Dharmaj Crop Guard manufactures and deals in pesticides including concessionaires of public health products for pest control, insecticides, herbicide, fertilizers and allied products related to research and technical formulations
Company is in the business of agrochemical formulations & active ingredients and have the following business segments
a) Branded Formulations (B2C)
b) Institutional Formulations (B2B)
c) Active Ingredients (B2B)
Company manufactures pesticides, weedicides, fungicides, herbicides and has an active portfolio of 190+ products, catering
to a wide customer base including bulk consumers, retailers and export customers
DHARMRAJ IPO based strategy weekly chartIncorporated in 2015, Dharmaj Crop Guard Limited is an agrochemical company. The company is engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers, and antibiotics to B2C and B2B customers