DAAG LONG TRADE 16-06-2025DAAG Long Trade
Rationale : DAAG has been in a bearish channel (bull flag) since Dec 2024. Recently, the stock trended at the upper level of the channel, absorbing overhead supply. Today, it broke out of the channel with a huge volume metric imbalance and gradient, taking price above the axis line.
🚨 TECHNICAL BUY CALL – DAAG🚨
- Buy 1: Current level (Rs. 92)
- Buy 2: Rs. 86.5
- Buy 3: Rs. 82.2
Target Prices
- TP 1: Rs. 100
- TP 2: Rs. 116.8
- TP 3: Rs. 129.8
Stop Loss - Below Rs. 76 closing basis
Risk-Reward Ratio1:- 3.25
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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