Good Structure observed in Dhanuka
volumes picking up in uptrend and dry up in consolidation
For momentum players
Above 956
add till 810(Fibonacci retracement level)
Weak below 610
Target 1250-1300-1400
For Long Term investing
Buy at CMP
Add on dip
and weak if close below 200 SMA
Very good Fundamentals ::--
Market Cap-- ₹ 4,218 Cr.
Stock P/E-- 20.0
ROCE-- 37.8 %
ROE-- 28.0 %
Company is almost debt free.
Mcap FF (Cr.)-- 1,054.24
Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy around 71%(Please maintain your SL)
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