Turning Bullish: Devyani International Ltd.
Devyani International Ltd. has been in consolidation for more than two months.
A couple of days ago, it gave a positive breakout with good volume.
The downside risk is limited, and the upside potential is huge.
20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line).
In the weekly closing, if the 20 EMA crosses above 50 EMA and 50 EMA crosses above 100 EMA we can confirm the bullish trend and take long positions.
Resistance levels: 180, 194, 223
Support levels: 161, 145
A couple of days ago, it gave a positive breakout with good volume.
The downside risk is limited, and the upside potential is huge.
20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line).
In the weekly closing, if the 20 EMA crosses above 50 EMA and 50 EMA crosses above 100 EMA we can confirm the bullish trend and take long positions.
Resistance levels: 180, 194, 223
Support levels: 161, 145
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