Trading_hawk

Simple Trade Setup | DIVISLAB| 20-08-2021

NSE:DIVISLAB   DIVI'S LABORATORIE
NSE: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.

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

Please refer Chart below: 15min time frame.
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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.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Trade closed: target reached: Ultimate target reached on short side

Comments

view on Divis lab
+1 Reply
Trading_hawk swathikonakanchi
@swathikonakanchi,

Now it is in blue sky territory Any dip above 5050 will be good buying opportunity.

At this moment, I will wait for any dip to take entry on long side. But till then will avoid any up move. Let it go high as we don't see clear upside levels for target yet.
Reply
Sooperb Charting. KUDOS!!
+1 Reply