DCL SHORT-SELL/EXIT CALLDCL is trending in an Upward Wedge since Dec 2023. Upward Wedges often result in downward moves; recent variation in Volume Gradient and Price Action suggest a downward move to the bottom of the wedge and to the underlying Major Support.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – DCL 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 10.3-10.11
📈 TP1 : Rs. 9.2
📈 TP2 : Rs. 7.8
🛑 STOP LOSS: ABOVE Rs.11 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: High Conviction | 1:3.3
Caution: Please enter/exit in 3 parts in give range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
