Dayang quarterly result is around the corner at 19 Nov to 23 Nov.. Will this the reason investor are grabbing this counter in confidence that it will perform better..
Indicators
Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2) Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish)
2) Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish)
3) MACD - Formed 4R1G ( Bullish) . If continued with another green signal/ white candle will confirm more bullish
4) RSI - Retracing towards 50% (Bearish) , If rebound above 50% with a white candle on next trading day will confirm more bullish
4) RSI - Retracing towards 50% (Bearish) , If rebound above 50% with a white candle on next trading day will confirm more bullish
5) STO - Both signal are meeting each other above hte 20%. If bullish crossover on next trading day will confirm more bullish
6) Ichimoku - a) Price above the support cloud ( Bullish)
6) Ichimoku - a) Price above the support cloud ( Bullish)
b) Conversion line above the base line ( Bullish)
c) Price close below the baseline ( Bullish)
7) Candlestick pattern - Bullish Engulfing (bullish).
c) Price close below the baseline ( Bullish)
7) Candlestick pattern - Bullish Engulfing (bullish).
8) Company performance - Earning positive trend and positive dividend
Conclusion:
Bullish -
Support rebound play
Bullish -
Support rebound play
E ( Entry) 2.23 ( Closed at or above it) -
S ( Stop Loss) : 2.19
P ( Profit) :2.27
RRR (Risk to Reward Ratio) = 1 (Average)
E ( Entry) 2.23 ( Closed at or above it) -
S ( Stop Loss) : 2.19
P ( Profit) :2.34
RRR (Risk to Reward Ratio) = 2.75 (Rewarding)
Resistance- 2.25 / 2.28 / 2.36
Support - 2.22 / 2.2 / 2.16 / 2.12
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