kacharts

divislab

Long
kacharts Premium Updated   
NSE:DIVISLAB   DIVI'S LABORATORIE
3
two pictures seen in this stock -
1 . on weekly charts from 2 weeks we r seeing 2 hammer candles, which itself shows a strong demand zone between 660 720 zone .
2 . on daily chart we can see a small traingle setup .
for day traders buy with 780 sl for 830 target
for medium term trader buy for 900 level sl 765
Trade closed manually
Comment: seems a bull trap(personal view), ignore trade
Comment: or trade with very tight sl
Comment: bull got trapped
784 to 754
Comment: once again bull got trapped.
its clearly visible on weekly chart that its in extremly bearish trend and flag pattern was in formation which again is a continuation pattern which suggest a downward breakdown which it gave today.
bull trap. it should touch 600 level before any bounce.

KA
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