NeeteshJain

DIVIS LAB - CHANNEL BREAKOUT

Long
BSE:DIVISLAB   DIVIS LABORATORIES LTD
It is been observed on the Daily Chart that the price action consolidated within a downward channel or flag formation and then breaks and closes above it, indicated a channel breakout. Now, it has further moved up from the breakout levels indicating a continuation of trend and further move up.

Target1 : 770

Target 2: 780

Stoploss: 750


Regards
Trade active
Trade active
Trade active
Comment: Stoploss Updated to 740 levels. Regards
Trade closed: target reached: Finally, after a long consolidation, it did reach to targets. Regards
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