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Divi's Laboratories Limited
Updated

Simple Trade Setup | DIVISLAB| 20-08-2021

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DIVISLAB

Observations:
1) On Daily Time Frame, it just closed above 21DMA which is also a good support at 4900.

Please refer Chart below: Daily time frame.
snapshot

2) On 15 min time frame, it is now in critical Zone.

Please refer Chart below: 15min time frame.
snapshot
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Trade Setup for Date 20-08-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.

snapshot

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Trade closed: target reached
Ultimate target reached on short side
Trading_hawk
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
divisdivisilabDIVISLABdivislabanalysisdivislablongdivislabsdivislabshortdivisllabtomorrowstocksTrend Analysis
Trading_hawk
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.