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Dalbharatlong

POLE FLAG WITH ROUNDING BOTTOM IN DALMIA BHARATWe can See a trend change in Dalbharat... Phase 1 Downside - Done Phase 2 Sideways Consolidation - on going Phase 3 Trend continuation or Reversal - NEXT For Short term we can see Pole flag formation in Dalbharat after trendline break For long term if the pole and flag gets activated we can see Cup and Handle next. Dalbharat has been trading in range and consolidating... Dotted Trendline should act as Upside support Idea Invalid if 1840 broken on DCB
NSE:DALBHARATLong
by tradingwithlogics
Planned Positional Long Trade in DALBHARAT In the picture above we have drawn Trendlines to understand the direction of the Price. We see that Price has come down violating the Demand areas and respecting the Supply areas forming Lower Lows, hence was in a clear downtrend Now most of the times before changing the trend price goes sideways Here we see Price clearly going sideways. So we know there will be a change in Trend from Down to Sideways to UP Let's see how An Uptrend has a Source from where the Trend starts and there is a point which we have called as a Destination of the Trend where it is trying to reach. So we have the Start point and End point of this upcoming Buy Trend. Let's Understand the Demand and Supply Curve wrt to Price here This tells us where is low, middle and high, course as traders we gotta buy low and sell high and avoid the middle area. This clearly tells us where is low and where is high. After reacting to the Weekly Source Demand, in the Daily chart we see that Price has formed a Daily Demand which has violated its previous High which confirms Buying Momentum. Now we have two possibilities for outcome of this Trade either it will take the SL or it will take the Target. As a Trader we have to ensure our Reward to Risk ratio is favourable enough making the Risk practically worth taking. Trade Type : Position Swing Trade Entry : 1861.35 SL : 1794.25 Target : 2220.35 Reward : 359 Risk : 67.10 Ratio : 5.35/1
NSE:DALBHARATLong
by WavesandZones