NeeteshJain
Long

DIVISLAB - Short Term Reversal At Support Zone

BSE:DIVISLAB   DIVIS LABORATORIES LTD
It is been observed that the price action is indicating a strong support at 600-630 levels, where good buying shall be seen. Therefore, now the price action shall reverse from the support zone to move forward to next resistance levels of 665-670.

Target: 665

Stoploss: 600
Trade active
Trade active
Trade active
Trade active
Comment: NOW, IT IS BACK IN ACTION, SHALL MOVE FAST FROM HERE ON. REGARDS
Trade active
Trade active
Comment: Breaking above trend-line, it shall again move to 660-665 levels,


Regards

Comments

@NeeteshJain @shiv2798 the stock of Divi's Laboratories Ltd., when seen on hourly time bar chart, seems to taking resistance barrier @ 645 and probably forming a barrier diagonal. Secondly, on daily as well as weekly time bar chart the stock is showing sign of positive reversal. now if we consider the fear of the people the stock may give a gap down and breach its current low of 611.45 which was retested twice on hourly time bar chart, but might not sustain the southward move and give a reversal. @NeeteshJain the stoploss you gave looks to be very strong support as per the current situation. Great work. keep it up. regards.
+2 Reply
NeeteshJain sgor1980
@sgor1980, I appreciate your follow up and insight on the same. Thanks, Regards
Reply
Range in 4 Hour is so small it seems the institutional are still not taking interest in it
If not one is interested then it would hardly move in price
Regards
+1 Reply
NeeteshJain shiv2798
@shiv2798, Today, it just filled previous gap and now it is just consolidating before big move to upside. Regards
Reply
Shall i go for the buy the shares at this movement?? Please suggest.
+1 Reply
NeeteshJain RizvanHawaldar
@RizvanHawaldar, On a safer side buy once it closes above 640 levels for a target of 700. Regards
Reply
RizvanHawaldar NeeteshJain
@NeeteshJain,Thank you so much for the reply . I bought the share at 629 so shall hold or sell & buy again . Pls suggest
Reply
NeeteshJain RizvanHawaldar
@RizvanHawaldar, Keep holding with SL of 600 on closing basis. Wish you the best, Regards
Reply
RizvanHawaldar NeeteshJain
@NeeteshJain, sure ! but scaring thought of 600 .. hahaha
Reply
NeeteshJain RizvanHawaldar
@RizvanHawaldar, Not to worry, you will be fine. Regards.
Reply
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