DOMS Industries is offering a clean range‑breakout swing setup with defined supports and two upside objectives, suitable for a 2–6 week holding period if momentum sustains
Setup overview
Structure: Stock is trading above primary support ₹2,488 and secondary support ₹2,430, consolidating just below the resistance band around ₹2,640–2,650 on the daily chart.
Bias: As long as price holds above ₹2,430, the broader post‑IPO uptrend and recent higher‑low structure remain intact, favouring a bullish breakout continuation play.
Trade plan (conservative breakout)
Entry: Buy on a daily close above ₹2,646 with strong volume (resistance breakout confirmation).
Stop-loss: ₹2,488 on a closing basis (below primary support and recent swing lows).
Targets:
Target 1: ₹2,765 (primary target / mid‑range supply).
Target 2: ₹2,890 (full target just below previous higher band).
Reward–risk: From ₹2,646 entry, downside to SL ≈ ₹160 (~6%), upside to T1 ≈ ₹120 (~4.5%) and to T2 ≈ ₹245 (~9%), so partial booking at T1 and running balance to T2 keeps effective R:R attractive.
Alternate plan (buy on dip to support)
Entry zone: ₹2,500–2,520 near current price if the stock pulls back intraday while still closing above ₹2,488.
Stop-loss: ₹2,430 closing basis (secondary support).
Targets: Same T1 ₹2,646, then ₹2,765 and ₹2,890; once T1 is hit, trail SL to just below ₹2,580 and then below each higher swing low.
So, the fundamental picture (24% revenue growth, ~₹240–250 crore PAT run‑rate) supports taking trades towards ₹2,765–2,890, but the 60–70x PE band argues for: smaller position size, strict SL at ₹2,430–2,488, and systematic profit‑taking as price climbs through your targets.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Setup overview
Structure: Stock is trading above primary support ₹2,488 and secondary support ₹2,430, consolidating just below the resistance band around ₹2,640–2,650 on the daily chart.
Bias: As long as price holds above ₹2,430, the broader post‑IPO uptrend and recent higher‑low structure remain intact, favouring a bullish breakout continuation play.
Trade plan (conservative breakout)
Entry: Buy on a daily close above ₹2,646 with strong volume (resistance breakout confirmation).
Stop-loss: ₹2,488 on a closing basis (below primary support and recent swing lows).
Targets:
Target 1: ₹2,765 (primary target / mid‑range supply).
Target 2: ₹2,890 (full target just below previous higher band).
Reward–risk: From ₹2,646 entry, downside to SL ≈ ₹160 (~6%), upside to T1 ≈ ₹120 (~4.5%) and to T2 ≈ ₹245 (~9%), so partial booking at T1 and running balance to T2 keeps effective R:R attractive.
Alternate plan (buy on dip to support)
Entry zone: ₹2,500–2,520 near current price if the stock pulls back intraday while still closing above ₹2,488.
Stop-loss: ₹2,430 closing basis (secondary support).
Targets: Same T1 ₹2,646, then ₹2,765 and ₹2,890; once T1 is hit, trail SL to just below ₹2,580 and then below each higher swing low.
So, the fundamental picture (24% revenue growth, ~₹240–250 crore PAT run‑rate) supports taking trades towards ₹2,765–2,890, but the 60–70x PE band argues for: smaller position size, strict SL at ₹2,430–2,488, and systematic profit‑taking as price climbs through your targets.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.