DOMS Industries is offering a clean range‑breakout swing setup with defined supports and two upside objectives, suitable for a 2–6 week holding period if momentum sustains
Setup overview
Structure: Stock is trading above primary support ₹2,488 and secondary support ₹2,430, consolidating just below the resistance band around ₹2,640–2,650 on the daily chart.
Bias: As long as price holds above ₹2,430, the broader post‑IPO uptrend and recent higher‑low structure remain intact, favouring a bullish breakout continuation play.
Trade plan (conservative breakout)
Entry: Buy on a daily close above ₹2,646 with strong volume (resistance breakout confirmation).
Stop-loss: ₹2,488 on a closing basis (below primary support and recent swing lows).
Targets:
Target 1: ₹2,765 (primary target / mid‑range supply).
Target 2: ₹2,890 (full target just below previous higher band).
Reward–risk: From ₹2,646 entry, downside to SL ≈ ₹160 (~6%), upside to T1 ≈ ₹120 (~4.5%) and to T2 ≈ ₹245 (~9%), so partial booking at T1 and running balance to T2 keeps effective R:R attractive.
Alternate plan (buy on dip to support)
Entry zone: ₹2,500–2,520 near current price if the stock pulls back intraday while still closing above ₹2,488.
Stop-loss: ₹2,430 closing basis (secondary support).
Targets: Same T1 ₹2,646, then ₹2,765 and ₹2,890; once T1 is hit, trail SL to just below ₹2,580 and then below each higher swing low.
So, the fundamental picture (24% revenue growth, ~₹240–250 crore PAT run‑rate) supports taking trades towards ₹2,765–2,890, but the 60–70x PE band argues for: smaller position size, strict SL at ₹2,430–2,488, and systematic profit‑taking as price climbs through your targets.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Setup overview
Structure: Stock is trading above primary support ₹2,488 and secondary support ₹2,430, consolidating just below the resistance band around ₹2,640–2,650 on the daily chart.
Bias: As long as price holds above ₹2,430, the broader post‑IPO uptrend and recent higher‑low structure remain intact, favouring a bullish breakout continuation play.
Trade plan (conservative breakout)
Entry: Buy on a daily close above ₹2,646 with strong volume (resistance breakout confirmation).
Stop-loss: ₹2,488 on a closing basis (below primary support and recent swing lows).
Targets:
Target 1: ₹2,765 (primary target / mid‑range supply).
Target 2: ₹2,890 (full target just below previous higher band).
Reward–risk: From ₹2,646 entry, downside to SL ≈ ₹160 (~6%), upside to T1 ≈ ₹120 (~4.5%) and to T2 ≈ ₹245 (~9%), so partial booking at T1 and running balance to T2 keeps effective R:R attractive.
Alternate plan (buy on dip to support)
Entry zone: ₹2,500–2,520 near current price if the stock pulls back intraday while still closing above ₹2,488.
Stop-loss: ₹2,430 closing basis (secondary support).
Targets: Same T1 ₹2,646, then ₹2,765 and ₹2,890; once T1 is hit, trail SL to just below ₹2,580 and then below each higher swing low.
So, the fundamental picture (24% revenue growth, ~₹240–250 crore PAT run‑rate) supports taking trades towards ₹2,765–2,890, but the 60–70x PE band argues for: smaller position size, strict SL at ₹2,430–2,488, and systematic profit‑taking as price climbs through your targets.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.