NeeteshJain
Long

DIVIS LAB - CHANNEL BREAKOUT

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
Yesterday SL hit??
+1 Reply
NeeteshJain dhirajfanish
@dhirajfanish, Yes, it touched the 750 levels but it did not close below 750-740 levels, therefore there is no trend change. It still holds a buy. I have also updated the stop loss. Regards.
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In the trade @257 so far :)
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