Devyani International (W Bullish Pattern)
Date : 10th April 2024
Time :12.00 PM
Devayani International is showing reversal from its usual support with other bullish indications.
As we can see ,
first of all W pattern is visible from strong support. also there is a bullish Divergence too.
Wave Count on Devyani is also looks like its time for ABC wave till depth of correction price level, which is 198 Rs.
Order Blocks on multiple time frame is also visible after last bullish movement.
With A Stop Loss of 150 Rs.[i] We can Long Devyani Int.
Entry Zone will be 162 to 155 Rs with Target of 198 Rs
and RR is Minimum 1:3
Time :12.00 PM
Devayani International is showing reversal from its usual support with other bullish indications.
As we can see ,
first of all W pattern is visible from strong support. also there is a bullish Divergence too.
Wave Count on Devyani is also looks like its time for ABC wave till depth of correction price level, which is 198 Rs.
Order Blocks on multiple time frame is also visible after last bullish movement.
With A Stop Loss of 150 Rs.[i] We can Long Devyani Int.
Entry Zone will be 162 to 155 Rs with Target of 198 Rs
and RR is Minimum 1:3
ملاحظة
As I mentioned in description Entry Zone is 162 to 155, its in a zone for avg price.ملاحظة
Today's open was 155 Rs and it BounceBack to 159 Rs.ملاحظة
Just Checked Fixed Range Volume Profile on Devyani and its now Above POC (Point of Control) line, which means more Resistances are weak compared to Supports from current price point of view.ملاحظة
Trailed SL Reduced to 153 Rs Daily Closing Basis.ملاحظة
Re Entered in Entry Zone It will work as a Good Support.ملاحظة
Devyani International has maintained good price despite having fall in majority of stocks.Good strength of buyers.
ملاحظة
Order Block is the reason behind this stiff upward movement from SL Priceملاحظة
Make Double bottom on Election Result Day and Move Sharply"SHAKEOUT BEFORE BREAKEOUT"
This whole Result Fall is to create panic for buyer to sell their positions.
ملاحظة
Took Support from Entry Zone :)ملاحظة
Silently Moving 10% in 3 days 🤩تم فتح الصفقة
163 to 198 🎯
Target Achieved after 5 months 💖
long Term Investors Next stop 227 Rs 👍
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.