DISHMAN PHARMA
- Dishman Pharma current chart indicates that stock is moving in a up channel formation, so as long it moves in a channel pattern it will be favored by bulls. Breaking it up pattern on down side will indicates weakness.
- Suggested Reading - ARIES AGRO moving in up channel pattern, strength expecting once stock close above its trend line.
- As per candle studies showed in chart no2, stock has given bearish candle as witnessed selling from highs, this indicates that Dishman will favor bulls once it closes above its recent high @ 162, till then bulls may not find clear direction.
- As per graph no3, Stock is trading above its 20 days moving average this will favor bulls but facing resistance at upper bollinger band around 162, once closes above it upper bollinger band indicates further strength for dishman.
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- If sock moves up from current levels and closes above 162 then bulls can have strong grip in this stock and looks bulls for next few trading days. After that stock will find next strong resistance around 180 its 161.8% fibonacci retracement as shown in graph no4. Close Watch.
- Intraday stock trading pick - close watch when Dishman starts trading above 162 during trading hours, if holds above 162 then intraday bulls action is expecting.
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