Monsoon season is coming soon, and it is expected to be a good monsoon season this time that will be beneficial for agri stocks like Dhanuka.
Current pattern of Dhanuka presents a good trading opportunity.
Stock is creating a base near 700. There is a positive divergence on leading indicators as well. One can go long at CMP and add more positions when a weekly close comes above 800.
Expected targets from CMP are 800, 850 and 915.
You can keep a SL of 688 on weekly closing basis.
Current pattern of Dhanuka presents a good trading opportunity.
Stock is creating a base near 700. There is a positive divergence on leading indicators as well. One can go long at CMP and add more positions when a weekly close comes above 800.
Expected targets from CMP are 800, 850 and 915.
You can keep a SL of 688 on weekly closing basis.