DONEAR AT SUPPORT ZONE.This is the Weekly chart of DONEAR.
Donear is currently trading near its support zone in the ₹95–₹100 range.
The stock is trading within a larger pattern structure (broadening pattern) and is currently moving inside a smaller formation—an ascending channel (in DAILY timeframe) support at 103-105 range.
if this level is sustain ,then we may see higher price on ascending channel resistance at 130-135 range and long term resistance of the broadening pattern .........
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DONEAR trade ideas
Donear's Bullish Reversal:Ride the Upswing!Donear's chart is painting a bullish picture!
KEY OBSERVATIONS:
*Weekl Demand Area Rejection: Donear has bounced off its weekly demand area,confirming buying pressure.
*Higher highs and Higher Lows (HH/HL): Lower time frame shows an uptrend.
*Bullish Divergence:RSI and Price action indicate strength.
OUTLOOK:
Expect Donear to surge above ,if it forms potential HL from the marked zone(123-115),with bullish candlestick.It could make another All-Time High if the weekly demand area holds strong.
Key Support / Resistance Breakout - Swing 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.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Penny Stocks are easy to manipulate please check the fundamentals of Company before Investing
#DonearTechnical breakout stock. Decisive upward movement past a key resistance level, accompanied by increased trading volume.
This breakout suggests a shift in market sentiment and potential for further gains. Investors view breakouts as bullish signals, though caution is advised to avoid false breakouts. Proper risk management is essential to capitalize on these opportunities.