Long
Dishman Pharma: Looks Set To Resume Uptrend
Price has drifted lower and notice the diminishing size of the red candles in that ellipse. This is a sign of lack of selling interest. Such moves typically is to test the resolve of weaker hands at prior zones.
In this case, price has revisited the prior breakout level marked by the horizontal red line. Notice the drop in volume during the recent drift down and the spike in volume as price approached the red line.
My expectation is that the price would resume its uptrend soon and clear the recent high of 268 and head further north. Watch this stock.
In this case, price has revisited the prior breakout level marked by the horizontal red line. Notice the drop in volume during the recent drift down and the spike in volume as price approached the red line.
My expectation is that the price would resume its uptrend soon and clear the recent high of 268 and head further north. Watch this stock.
Nota
Here is the updated chart of Dishman. The price action highlighted yesterday is no different from the one highlighted today. Nota
Ask yourself why price spiked in the green ellipse shown in the chart below. Homework for Dushera holidays :) 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.