SlideShare a Scribd company logo
1 of 2
Download to read offline
Buy DISHMAN in Cash @ 257.45 SL 240 TGT 288
28th Sept , 2016
SEBI Registered – Research Analyst WWW.CHOICEBROKING.IN *Please Refer Disclaimer On Website
 As of now mid cap pharma space is in
strong momentum and DISHMAN is leading
counter from that front.
 Stock has formed strong up move and
erases out earlier pain, it indicate strong
strength in stock.
 Volume is expanding at wide space which
shows growing appetite for stock.
 From Fibonacci extension perspective 100%
level comes at 288 level which seems
immediate achievable target for stock.
 Based on aforementioned rational one can
have buy approach for stock
www.choicebroking.incustomercare@choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any
financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will
not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this
recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any
inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume
levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might
be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice
Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation
or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of
publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The
recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary
substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use,
distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to
purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no
assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.09.30 15:26:26 +05'30'

More Related Content

What's hot

Traders choice marksans
Traders choice   marksansTraders choice   marksans
Traders choice marksansChoice Equity
 
Traders choice : M&MFIN
Traders choice :  M&MFINTraders choice :  M&MFIN
Traders choice : M&MFINChoice Equity
 
Traders choice hindoilexp
Traders choice   hindoilexpTraders choice   hindoilexp
Traders choice hindoilexpChoice Equity
 
Traders choice fsl (2)
Traders choice   fsl (2)Traders choice   fsl (2)
Traders choice fsl (2)Choice Equity
 
Traders choice tvselect
Traders choice   tvselectTraders choice   tvselect
Traders choice tvselectChoice Equity
 
Traders choice ashokley
Traders choice   ashokleyTraders choice   ashokley
Traders choice ashokleyChoice Equity
 
Traders choice thermax
Traders choice   thermaxTraders choice   thermax
Traders choice thermaxChoice Equity
 
Traders choice jswenergy
Traders choice   jswenergyTraders choice   jswenergy
Traders choice jswenergyChoice Equity
 
Traders choice syndibank
Traders choice   syndibankTraders choice   syndibank
Traders choice syndibankChoice Equity
 
Traders choice tatapower
Traders choice   tatapowerTraders choice   tatapower
Traders choice tatapowerChoice Equity
 
Traders choice tatamotors
Traders choice   tatamotorsTraders choice   tatamotors
Traders choice tatamotorsChoice Equity
 
Traders choice harrmalaya
Traders choice   harrmalayaTraders choice   harrmalaya
Traders choice harrmalayaChoice Equity
 
Traders choice kanorichem
Traders choice   kanorichemTraders choice   kanorichem
Traders choice kanorichemChoice Equity
 
Traders choice adanitrans
Traders choice   adanitransTraders choice   adanitrans
Traders choice adanitransChoice Equity
 
Traders choice mercator
Traders choice   mercatorTraders choice   mercator
Traders choice mercatorChoice Equity
 
Traders choice uflex (2)
Traders choice   uflex (2)Traders choice   uflex (2)
Traders choice uflex (2)Choice Equity
 
Traders choice magmafin
Traders choice   magmafinTraders choice   magmafin
Traders choice magmafinchoice broking
 
Traders choice stcindia
Traders choice   stcindiaTraders choice   stcindia
Traders choice stcindiaChoice Equity
 

What's hot (20)

Traders choice marksans
Traders choice   marksansTraders choice   marksans
Traders choice marksans
 
Traders choice : M&MFIN
Traders choice :  M&MFINTraders choice :  M&MFIN
Traders choice : M&MFIN
 
Traders choice hindoilexp
Traders choice   hindoilexpTraders choice   hindoilexp
Traders choice hindoilexp
 
Traders choice fsl (2)
Traders choice   fsl (2)Traders choice   fsl (2)
Traders choice fsl (2)
 
Traders choice tvselect
Traders choice   tvselectTraders choice   tvselect
Traders choice tvselect
 
Traders choice ashokley
Traders choice   ashokleyTraders choice   ashokley
Traders choice ashokley
 
Traders choice thermax
Traders choice   thermaxTraders choice   thermax
Traders choice thermax
 
Traders choice jswenergy
Traders choice   jswenergyTraders choice   jswenergy
Traders choice jswenergy
 
Traders choice syndibank
Traders choice   syndibankTraders choice   syndibank
Traders choice syndibank
 
Traders choice tatapower
Traders choice   tatapowerTraders choice   tatapower
Traders choice tatapower
 
Traders choice tatamotors
Traders choice   tatamotorsTraders choice   tatamotors
Traders choice tatamotors
 
Traders choice harrmalaya
Traders choice   harrmalayaTraders choice   harrmalaya
Traders choice harrmalaya
 
Traders choice kanorichem
Traders choice   kanorichemTraders choice   kanorichem
Traders choice kanorichem
 
Traders choice adanitrans
Traders choice   adanitransTraders choice   adanitrans
Traders choice adanitrans
 
Traders choice mercator
Traders choice   mercatorTraders choice   mercator
Traders choice mercator
 
Traders choice itc
Traders choice   itcTraders choice   itc
Traders choice itc
 
Traders choice uflex (2)
Traders choice   uflex (2)Traders choice   uflex (2)
Traders choice uflex (2)
 
Traders choice magmafin
Traders choice   magmafinTraders choice   magmafin
Traders choice magmafin
 
Traders choice stcindia
Traders choice   stcindiaTraders choice   stcindia
Traders choice stcindia
 
Traders choice ifci
Traders choice   ifciTraders choice   ifci
Traders choice ifci
 

Similar to Traders choice : dishman

Traders choice bharatgear
Traders choice   bharatgearTraders choice   bharatgear
Traders choice bharatgearChoice Equity
 
Traders choice trigyn
Traders choice   trigynTraders choice   trigyn
Traders choice trigynChoice Equity
 
Traders choice ramcocem (2)
Traders choice   ramcocem (2)Traders choice   ramcocem (2)
Traders choice ramcocem (2)Choice Equity
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryplyChoice Equity
 
Traders choice enginersin
Traders choice   enginersinTraders choice   enginersin
Traders choice enginersinChoice Equity
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryplyChoice Equity
 
Traders choice heidelberg
Traders choice   heidelbergTraders choice   heidelberg
Traders choice heidelbergChoice Equity
 
Traders choice axisbank
Traders choice   axisbankTraders choice   axisbank
Traders choice axisbankChoice Equity
 
Traders choice balpharma
Traders choice   balpharmaTraders choice   balpharma
Traders choice balpharmaChoice Equity
 
Traders choice himatseide (2)
Traders choice   himatseide (2)Traders choice   himatseide (2)
Traders choice himatseide (2)Choice Equity
 
Traders choice ipcalab
Traders choice   ipcalabTraders choice   ipcalab
Traders choice ipcalabChoice Equity
 
Traders choice jbchepharma
Traders choice   jbchepharmaTraders choice   jbchepharma
Traders choice jbchepharmaChoice Equity
 
Traders choice equitas
Traders choice   equitasTraders choice   equitas
Traders choice equitasChoice Equity
 
Traders choice paragmilk
Traders choice   paragmilkTraders choice   paragmilk
Traders choice paragmilkChoice Equity
 
Traders choice uflex
Traders choice   uflexTraders choice   uflex
Traders choice uflexChoice Equity
 
Traders choice castrol
Traders choice   castrolTraders choice   castrol
Traders choice castrolChoice Equity
 
Traders choice vipul ltd
Traders choice   vipul ltdTraders choice   vipul ltd
Traders choice vipul ltdChoice Equity
 
Traders choice centurytex
Traders choice   centurytexTraders choice   centurytex
Traders choice centurytexChoice Equity
 
Traders choice indianb
Traders choice   indianbTraders choice   indianb
Traders choice indianbChoice Equity
 
Traders choice dishman
Traders choice   dishmanTraders choice   dishman
Traders choice dishmanChoice Equity
 

Similar to Traders choice : dishman (20)

Traders choice bharatgear
Traders choice   bharatgearTraders choice   bharatgear
Traders choice bharatgear
 
Traders choice trigyn
Traders choice   trigynTraders choice   trigyn
Traders choice trigyn
 
Traders choice ramcocem (2)
Traders choice   ramcocem (2)Traders choice   ramcocem (2)
Traders choice ramcocem (2)
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryply
 
Traders choice enginersin
Traders choice   enginersinTraders choice   enginersin
Traders choice enginersin
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryply
 
Traders choice heidelberg
Traders choice   heidelbergTraders choice   heidelberg
Traders choice heidelberg
 
Traders choice axisbank
Traders choice   axisbankTraders choice   axisbank
Traders choice axisbank
 
Traders choice balpharma
Traders choice   balpharmaTraders choice   balpharma
Traders choice balpharma
 
Traders choice himatseide (2)
Traders choice   himatseide (2)Traders choice   himatseide (2)
Traders choice himatseide (2)
 
Traders choice ipcalab
Traders choice   ipcalabTraders choice   ipcalab
Traders choice ipcalab
 
Traders choice jbchepharma
Traders choice   jbchepharmaTraders choice   jbchepharma
Traders choice jbchepharma
 
Traders choice equitas
Traders choice   equitasTraders choice   equitas
Traders choice equitas
 
Traders choice paragmilk
Traders choice   paragmilkTraders choice   paragmilk
Traders choice paragmilk
 
Traders choice uflex
Traders choice   uflexTraders choice   uflex
Traders choice uflex
 
Traders choice castrol
Traders choice   castrolTraders choice   castrol
Traders choice castrol
 
Traders choice vipul ltd
Traders choice   vipul ltdTraders choice   vipul ltd
Traders choice vipul ltd
 
Traders choice centurytex
Traders choice   centurytexTraders choice   centurytex
Traders choice centurytex
 
Traders choice indianb
Traders choice   indianbTraders choice   indianb
Traders choice indianb
 
Traders choice dishman
Traders choice   dishmanTraders choice   dishman
Traders choice dishman
 

Recently uploaded

Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Vinodha Devi
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfGale Pooley
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure servicePooja Nehwal
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfMichael Silva
 
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home DeliveryPooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home DeliveryPooja Nehwal
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfSaviRakhecha1
 
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceanilsa9823
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Delhi Call girls
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...ssifa0344
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfGale Pooley
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Pooja Nehwal
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfGale Pooley
 
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfThe Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfGale Pooley
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...ssifa0344
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfGale Pooley
 

Recently uploaded (20)

Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
 
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home DeliveryPooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdf
 
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfThe Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdf
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
 

Traders choice : dishman

  • 1. Buy DISHMAN in Cash @ 257.45 SL 240 TGT 288 28th Sept , 2016 SEBI Registered – Research Analyst WWW.CHOICEBROKING.IN *Please Refer Disclaimer On Website  As of now mid cap pharma space is in strong momentum and DISHMAN is leading counter from that front.  Stock has formed strong up move and erases out earlier pain, it indicate strong strength in stock.  Volume is expanding at wide space which shows growing appetite for stock.  From Fibonacci extension perspective 100% level comes at 288 level which seems immediate achievable target for stock.  Based on aforementioned rational one can have buy approach for stock
  • 2. www.choicebroking.incustomercare@choiceindia.com Research Team Mr. Sumeet Bagadia Associate Director Kunal Parmar Research Associate Amit Pathania Research Associate Vikas Chaudhari Research Associate Kapil Shah Research Associate Rajnath Yadav Research Associate Satish Kumar Research Associate Disclaimer This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No. Kapil Shah Digitally signed by Kapil Shah DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd, ou=Research Team, email=kapil.shah@choiceindia.com, c=US Date: 2016.09.30 15:26:26 +05'30'