Dishman Pharma - Risk reward in favour of Bulls

We are suggesting our clients to build position in Dishman Pharmacueticals. Refer the chart below.

We can see a huge positive divergence in the weekly charts of Dishman Pharma. While the stock is oscillating between 85 to 105 (now 92) the MACD and RSI has given a positive signal over the same time. There are few positive days when good accumulation is happening as per the volumes. This suggest sooner or later the stock has to give some move. Stock has almost formed 3 bottoms at 85 levels. We are therefore suggesting to build positions so that the upside can be captured with 84 stoploss. The initial resistance will be at 107 levels after which stock should manage to go upto 140 levels.