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DAVANGERE trade ideas
DAVANGERE - Davangere Sugar Company Ltd - Buy & Hold As per previous chart history and chart pattern Davangere Sugar Company Ltd (DAVANGERE) technical analysis shows mixed signals, with some indicators suggesting bullish and others bearish. Below is the Technical analysis of this stock done by me
Bullish Signs:
Moving Averages: Most moving averages are currently trending upwards, indicating a potential uptrend.
Technical Indicators: Many technical indicators like RSI, MACD, and CCI are giving buy signals, suggesting momentum behind the stock.
Recent Price Movement: DAVANGERE has been on an upward trend for the past week.
Bearish Signs:
Overbought Indicators: Some indicators like STOCH and STOCHRSI are in overbought territory, suggesting a potential pullback.
Short-term Technical Rating : Some sources show a "sell" rating for the stock on a short-term basis.
My Personal Overview on this stock is that The technical outlook for DAVANGERE is currently unclear. While there are signs of a potential uptrend, there are also warnings of overbought conditions.
You can Buy this stock at CMP or wait for a DIP, also you can buy and make average on every dip and hold for long time for maximum profit.
This is my personal opinion and I am not suggesting anyone to invest in this stock as I am NOT SEBI registered person
Thanks for your support as always
