Stocks to Watch For Wednesday – CapitalHeight DISHMAN CARBOGEN AMCIS.
DISHMAN CARBOGEN AMCIS witnessed a strong upward momentum over one month after making a healthy consolidation from an upper price-band of Rs 311 levels towards a low of Rs 200 odd levels. Post this lower level, the stock continued to trade on positive marking a crucial breakout from its 200-days moving average placed at Rs 239 levels on closing basis.
The stock also formed a bullish candlestick pattern on its weekly price chart. Further, the momentum indicator favored the current trend with RSI at 65 levels coupled with MACD trading above its signal line. Buy recommendation for DISHMAN CARBOGEN AMCIS which is currently trading at Rs 240.with stop loss below 221 and target 255-275.
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