aashu24ahuja

Signs of Bottoming out DBL Daily Chart

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aashu24ahuja 已更新   
NSE:DBL   DILIP BUILDCON LTD
  • If you look at the downtrend, everytime it tries to cross or breakout above 20EMA it falls back
  • Observe the SuperTrend was always in selling when the stock was trying to breakout above 20EMA
  • This time the breakout is different, it is above 20EMA, above SuperTrend and the strong body candle
  • Stop loss could be median of the breakout candle or the low of the breakout candle
  • If this works out, we would have just got the bottom here
评论:
Another interesting point is "Volumes" at the breakout candle. It's a giant bar and signaling bottoming out is in process.

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