📊 Step 1: Chart Analysis & Price Action Assessment
Trend: Recently broke out from a sideways consolidation (February–May), now showing strong upward momentum.
Price Movement:
From ₹250 to ₹295 in a single session (+13.49%).
Large bullish candle breaking past resistance with a gap-up.
Support Levels: ₹248–255 zone (green box in chart, prior resistance now support).
Resistance Levels: Around ₹325 (red line in chart).
Candlestick Behavior: Bullish engulfing breakout with high range and closing near the high = strong buyer interest.
📈 Step 2: Volume & Volatility Analysis
Volume:
Sharp spike on breakout day (~943K), the highest volume in months.
Volume correlates with bullish breakout – strong institutional or smart money activity.
Volatility:
Significant due to the wide range candle (₹250–₹295).
This is not normal daily movement – shows entry into a new phase.
Bollinger Bands (implied by expansion): Widening, further supports high volatility and breakout behavior.
🔍 Step 3: Phase Classification
✅ Current Phase: Stage 3 – Explosive Growth Phase
Supporting Evidence:
Large price bar with high volume = classic Stage 3 trait.
Breakout from previous resistance with follow-through buying.
No pullback yet – steep rise after extended sideways base.
Volume spike confirms strong interest, likely news/earnings or accumulation breakout.
🧭 Step 4: Final Summary & Recommended Action
Stock: Dharmaj Crop Guard Ltd
Current Stage: ✅ Stage 3 – Explosive Growth Phase
Key Observations:
Trend Direction: Sharp uptrend (parabolic breakout).
Volume Behavior: Extremely high, strongest in recent months.
Volatility: High; wide candle and strong movement.
Support: ₹248–255 (prior resistance).
Resistance: ₹325–330 (1.5 Fib extension + historical level).
✅ Suggested Strategy:
If already holding: Use trailing stop-loss near ₹265 or previous day's low to lock in profits.
If not holding: Avoid chasing highs. Wait for a minor pullback or a bullish consolidation near ₹270–280 for safer re-entry.
Risk Management: Avoid greed. Expect 4–5%, not full 1.5x extensions unless confirmed.
📝 Final Action Plan:
→ WAIT for pullback before entering
→ HOLD with trailing stop if already in
→ Be cautious of sudden reversals due to sharp move and volume climax
Trend: Recently broke out from a sideways consolidation (February–May), now showing strong upward momentum.
Price Movement:
From ₹250 to ₹295 in a single session (+13.49%).
Large bullish candle breaking past resistance with a gap-up.
Support Levels: ₹248–255 zone (green box in chart, prior resistance now support).
Resistance Levels: Around ₹325 (red line in chart).
Candlestick Behavior: Bullish engulfing breakout with high range and closing near the high = strong buyer interest.
📈 Step 2: Volume & Volatility Analysis
Volume:
Sharp spike on breakout day (~943K), the highest volume in months.
Volume correlates with bullish breakout – strong institutional or smart money activity.
Volatility:
Significant due to the wide range candle (₹250–₹295).
This is not normal daily movement – shows entry into a new phase.
Bollinger Bands (implied by expansion): Widening, further supports high volatility and breakout behavior.
🔍 Step 3: Phase Classification
✅ Current Phase: Stage 3 – Explosive Growth Phase
Supporting Evidence:
Large price bar with high volume = classic Stage 3 trait.
Breakout from previous resistance with follow-through buying.
No pullback yet – steep rise after extended sideways base.
Volume spike confirms strong interest, likely news/earnings or accumulation breakout.
🧭 Step 4: Final Summary & Recommended Action
Stock: Dharmaj Crop Guard Ltd
Current Stage: ✅ Stage 3 – Explosive Growth Phase
Key Observations:
Trend Direction: Sharp uptrend (parabolic breakout).
Volume Behavior: Extremely high, strongest in recent months.
Volatility: High; wide candle and strong movement.
Support: ₹248–255 (prior resistance).
Resistance: ₹325–330 (1.5 Fib extension + historical level).
✅ Suggested Strategy:
If already holding: Use trailing stop-loss near ₹265 or previous day's low to lock in profits.
If not holding: Avoid chasing highs. Wait for a minor pullback or a bullish consolidation near ₹270–280 for safer re-entry.
Risk Management: Avoid greed. Expect 4–5%, not full 1.5x extensions unless confirmed.
📝 Final Action Plan:
→ WAIT for pullback before entering
→ HOLD with trailing stop if already in
→ Be cautious of sudden reversals due to sharp move and volume climax
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.