Dishman Carbo Amics cmp 212.53 by Weekly Chart since listed*Dishman Carbo Amics cmp 212.53 by Weekly Chart since listed*
- Resistance Zone 247 to 260 Price Band
- Stock Price well above the EMA 21, 50, 100, 200 with favorable RSI & MACD
- Weekly basis : Support at 181 > 148 > 109 with the Resistance at 247 > 284 > 321
- Falling Resistance Trendline and Resistance Zone needs to be broken for fresh upside momentum to kick in
- Multiple Bullish Rounding Bottoms + Cup and Handle formed with most recent Rounding Bottom in the completion process
- Stock Price closure above Resistance Zone with supportive Volumes increase may provide fresh upside breakout probability
DISHMAN
Dishman looks goodChart -> Dishman Carbogen Daily
A cup and handle breakout with a huge volume bar!
CMP: 155.50
Good Range To Buy: 150 to 155
Targets: 170, 183, 198
SL: 137 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Bullish Breakthrough in Dishman Carbogen(DCAL)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 in 3 trading sessions. A good BULL run might even break the 52 week high.
Current Value 144
Upside 184-220
Downside 125-117
Dishman Pharma: How Different is This From NIIT TechHope you read my post on NIIT Tech shared earlier today. That was a daily chart and this one is an hourly chart of Dishman. The concept is the same. swing high / low, change of behaviour etc etc. Spend some and you would be doing yourself a big favour.
Dishman Pharma Breakout.. GO Long!!Dishman Pharma has given a Breakout from its correction and has retested the breakout. It is now potentially ready for an upmove. One can go long the stock around current levels with SL just around 150 and Targets at 250.
Happy Trading!!
Siraj Hudda, CFTe
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