Long
Dishman Pharma- Flag Pattern Breakout- Buying Opportunity
Dishman Pharma has given a Flag Pattern breakout in the Daily charts with nice volumes, indicating a continuation of the upward trend.
It has a good Risk Reward ratio of 4:1.
Aggressive traders can enter the trade at cmp , whereas more conservative traders can wait for a confirmation which would be a retest of the breakout levels. The retest may or may not happen, but trading on a retest improves the accuracy of any pattern.
Expected Levels 325-335, Exit Levels- 221
It has a good Risk Reward ratio of 4:1.
Aggressive traders can enter the trade at cmp , whereas more conservative traders can wait for a confirmation which would be a retest of the breakout levels. The retest may or may not happen, but trading on a retest improves the accuracy of any pattern.
Expected Levels 325-335, Exit Levels- 221
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