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DCAL:- CMP 146 LOOKS Good for Target 190/250++ Stop Loss 100 1) Inverse Head And Shoulder (Downtrend Reversal Pattern) 2) Descending Channel (Reversal Pattern)
DCAL is trading above trendline resistance. Price movement indicating bullishness ahead. Closing above 140 will be conform bullishness further. If closed above 140 we can expect a target of 160 in near terms.
DCAL Equity levels ...15/12/2020 (D candle)
After falling from a 52 week high of Close to 215 Dishman had a curtailing bearish window of 2 months. however the major support which was expected at 117 which closed the bearish window and has opened the door for a major bull window which is only affected by one Major resistance at 184, at the time of posting the stock has rocketed from the support of 117 to 144...
#for educational porous only.
Can be added CMP Target 250 ish SL 165 and below on closing basis Inv HnS Weekly breakout