NSE: DAMCAPI | Timeframe: 1W (Weekly)**
After a prolonged downtrend, **DAMCAP Advisors Ltd** is showing strong signs of a **bullish reversal** on the weekly chart:
### 📊 Technical Highlights:
* ✅ **Massive bullish candle** this week with an **18.23% gain** — strong buying interest.
* ✅ **Volume surge** confirms institutional activity.
* 🔁 Price has broken above a **recent resistance zone** (marked in blue), suggesting a possible **trend reversal**.
* 📉 Stock was in a steep downtrend but has **consolidated and is now bouncing** from a base.
* 🔄 Formation resembles a **"rounding bottom"** or **early-stage cup**, hinting at accumulation.
📌 Levels to Watch:
* **Resistance**: 270–275 zone (next hurdle)
* **Support**: 220–225 zone (prior resistance turned support)
* **Targets (Short-term)**: 290 / 320 (if momentum sustains)
LONG TERM TARGET IS ALL TIME HIGH
🧠 Trading Plan:
* **Positional Entry**: On dips towards 245–250 with SL below 220.
* **Aggressive Entry**: Above 270 with confirmation and volume.
* **Risk Management**: Trail stop loss as price moves in favor.
### 📢 Disclaimer:
This is for educational purposes only. Not financial advice. Do your own research before investing.
After a prolonged downtrend, **DAMCAP Advisors Ltd** is showing strong signs of a **bullish reversal** on the weekly chart:
### 📊 Technical Highlights:
* ✅ **Massive bullish candle** this week with an **18.23% gain** — strong buying interest.
* ✅ **Volume surge** confirms institutional activity.
* 🔁 Price has broken above a **recent resistance zone** (marked in blue), suggesting a possible **trend reversal**.
* 📉 Stock was in a steep downtrend but has **consolidated and is now bouncing** from a base.
* 🔄 Formation resembles a **"rounding bottom"** or **early-stage cup**, hinting at accumulation.
📌 Levels to Watch:
* **Resistance**: 270–275 zone (next hurdle)
* **Support**: 220–225 zone (prior resistance turned support)
* **Targets (Short-term)**: 290 / 320 (if momentum sustains)
LONG TERM TARGET IS ALL TIME HIGH
🧠 Trading Plan:
* **Positional Entry**: On dips towards 245–250 with SL below 220.
* **Aggressive Entry**: Above 270 with confirmation and volume.
* **Risk Management**: Trail stop loss as price moves in favor.
### 📢 Disclaimer:
This is for educational purposes only. Not financial advice. Do your own research before investing.
Giao dịch đang hoạt động
keep holding above our buying level. Ghi chú
Maintain SL and be in trade. we will have gud target in 2 months
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.