DCAL given breakotu from H&S pattern looking bullish1. DCAL given breakotu from H&S pattern
2. RSI positive divergance
3. Crossed 0.23 FIb retracement
4. have to wait to make fallinge wedge and get entry from breakout
DCAL trade ideas
DISHMAN CARBOGEN -Looks strong with a likely pull backThe stock broke the downtrend convincingly with a consolidation.
After a rise , it retraced 61.8 which is again a healthy sign for a stock.
I may be wrong in calculating the waves but I suspect this is the end of 3 and 4 (pull back) would resume soon.
Stock looks very good for medium term. Accumulate on dips.
Fundamentally the stock is trading at 0.56 times it's Book Value and the promoters stake has increased by 1.81% over the last quarter.
