DLINKINDIAwe are looking DLINKINDIA in bullish move.
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DLINKINDIA
Dlink has given a strong breakout!As seen in the chart, Dlink has formed a flag and pole which was broken 2 days back.
The flag is a beautiful cup and handle pattern which justifies strength.
This is an exceptionally good chart for a positional trade to buy on dips till 300 with an SL of 260.
A swing trade is risky at CMP with SL of below 290 DCB.
Targets can be 370, 400 and above.
Note:-
Idea is shared for educational purposes only. It should not be considered as a recommendation.
#TVSELECT #DLINKINDIA #CEREBRAINT #PANACHE #AGSTRA #COMPINFO #IT
#TVSELECT
NSE:TVSELECT
CMP: 299
TP: 360
SL: 270
TF: <6m
RR > 2.2 times
Return 20%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia