CautiousChartist
Long

DISHMAN CARBOGEN -Looks strong with a likely pull back

NSE:DCAL   DISHMAN CARBOGEN
The 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.
Comment: Just as expected. A small pull back on the cards before a fresh rally.
Comment: Just as the doctor ordered.
Comment: Retest done and fresh rally starts again.

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