Idea purely on technical basis + News
This idea is purely basis current price action + volume and news. No other factors considered.
DHANI has shown promising signs of a potential turnaround, indicating a shift in sentiment following a period of indecision or stabilization.
The Diamond Bottom pattern emerges amidst a downtrend, characterized by the formation of higher highs and lower lows within a widening pattern.
Over time, this pattern evolves as the highs reach a peak and the lows begin to ascend, leading to a gradual narrowing of the trading range.
Upon the breakout above the boundaries of the diamond pattern, there's a notable indication of a substantial reversal, marking the onset of a fresh uptrend.
Other things to consider at current situation
- Volume is increasing
- Trading above 10 EMA, 50 EMA and 100 EMA
News
Dated: March 18, 2024
- Submitted the building plans to the Directorate of Town and Country Planning (DTCP) for approvals of 60 lac sq ft of residential development saleable area in Sector 104, Gurugram located on 8 lane Dwarka Express way. The Project is proposed to be launched in July’
- Submitted the building plans for development of saleable area of 2.6 lac sq ft of office space in Worli, Mumbai. The Project is expected to be launched in August’ 2024.
PLEASE NOTE THAT:
DHANI has shown promising signs of a potential turnaround, indicating a shift in sentiment following a period of indecision or stabilization.The Diamond Bottom pattern emerges amidst a downtrend, characterized by the formation of higher highs and lower lows within a widening pattern.
Over time, this pattern evolves as the highs reach a peak and the lows begin to ascend, leading to a gradual narrowing of the trading range.
Upon the breakout above the boundaries of the diamond pattern, there's a notable indication of a substantial reversal, marking the onset of a fresh uptrend.
Other things to consider at current situation
- Volume is increasing
- Trading above 10 EMA, 50 EMA and 100 EMA
News
Dated: March 18, 2024
- Submitted the building plans to the Directorate of Town and Country Planning (DTCP) for approvals of 60 lac sq ft of residential development saleable area in Sector 104, Gurugram located on 8 lane Dwarka Express way. The Project is proposed to be launched in July’
- Submitted the building plans for development of saleable area of 2.6 lac sq ft of office space in Worli, Mumbai. The Project is expected to be launched in August’ 2024.
PLEASE NOTE THAT:
- This chart analysis is only for reference purpose.
- This is not buying or selling recommendations.
- I am not SEBI registered.
- Please consult your financial advisor before taking any trade
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