DOLPHIN OFFSHORE
Dolphin Offshore has closed above its previous top hence gave a bullish breakout signal, further bulls action can be seen as long as stock holds above its previous top.
Stock has also formed long bullish candlestick pattern with increase in trading volumes this will favor bulls.
Upper side stock will find strong trend line resistance around 136 as shown in above image, further price rise can be seen once it closes and holds above 136.
Intraday Dolphin Offshore looks good if it holds above 136.
Will find resistance around 139, 141.
S.L - 134.
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