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...
Stock: DCAL
Looking Bullish now. It was broken at 23.6 Fibo Level & Good Breakout today with volume.
For New Trade, If Break 104, Expect Further Upside with above marked targets 109,125,150++
Dedicated to: Krushna Narkhede
