Chart -> 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.
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...
Hope 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 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
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
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