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
Kommentera:
As I mentioned in description Entry Zone is 162 to 155, its in a zone for avg price.
Kommentera:
Today's open was 155 Rs and it BounceBack to 159 Rs.
Kommentera:
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.
Kommentera:
Trailed SL Reduced to 153 Rs Daily Closing Basis.
Kommentera:
Re Entered in Entry Zone It will work as a Good Support.
Kommentera:
Devyani International has maintained good price despite having fall in majority of stocks.
Good strength of buyers.
Good strength of buyers.
Kommentera:
Order Block is the reason behind this stiff upward movement from SL Price
