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Nimish_Ghagare

Positional or Longterm Opportunity in Divis Lab

Long
DIVI'S LABORATORIE (NSE:DIVISLAB)  
Nimish_Ghagare  
NSE:DIVISLAB   DIVI'S LABORATORIE
Fibonacci Trend Lines
1
0
fibonacci trendline
Go Long above 4498.1 for Targets of 4804.15, and 5110.2 with SL 4192.05

Reasons to go Long :

1. On a Daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.

2. In addition to this the stock gave Trendline breakout on a Daily timeframe.
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