aks85

Dishman Pharma- Flag Pattern Breakout- Buying Opportunity

Long
NSE:DISHMAN   None
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4
Dishman Pharma has given a Flag Pattern breakout in the Daily charts with nice volumes, indicating a continuation of the upward trend.

It has a good Risk Reward ratio of 4:1.

Aggressive traders can enter the trade at cmp , whereas more conservative traders can wait for a confirmation which would be a retest of the breakout levels. The retest may or may not happen, but trading on a retest improves the accuracy of any pattern.

Expected Levels 325-335, Exit Levels- 221

Comments

yes, immediate targets could be 246,270 on a daily closing basis. SL=220
Reply
aks85 basava
Our entry price is 242 so 246 would be too early to book profits. Yes, at 270 profits can be booked partly and rest of the trade can be carried on with trailing sl. Thanks.
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