DPWires is ready for 20-30% returns DPWIRES is around the support area
Stock has corrected appx 35% from highs
Previously stock always corrected between 30-35%
So it has nature to give 30-35% correction !!
After a fall, Stock is around support area which is working from 2020
We may see bounce from 450 level and see further upside !!
Thank you !!
DPWIRES trade ideas
DP WiresLooks good both fundamentally and technically in all the time frames.
Has given a breakout of one of the important levels of Gann box and supporting strong at one of the bullish Fann angles.
Positive Indicators :
MACD bullish crossover and RSI above 64
Levels are marked accordingly
Safely above all 20,50,200 SMA
SL - below 444