DIC India - Stock can either go up or retrace and form C&H

DIC INDIA - Sector Tailwind and Recent Qtr Results were excellent, Indicating turnaround.

The stock has formed a multi year BASE and there are two possbilities with this stock.

Scenario 1 - If bulls are intact, then the stock will cross 755 in next few session and the stock will see immediate targets of 890/1000/1200 +

Stop Loss - 637. Views invalid below 755

Scenario 2 - The stock may retrace and fall up to 570 levels and form a new base, before kicking up an upward jounery.

Please note : Its all about probability and stock and markets and give any direction to this chart.

Disclaimer : Educational content. Please do your own research.