dravya
Long

DIVISLAB - Breakout Attempt

NSE:DIVISLAB   DIVI'S LABORATORIE
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The stock fell a lot and now has been in an upward move, as seen by the trendline .

The previous day it showed great strength on the trendline base.

The blue line is an important daily level ( see chart below )
which it crossed today.

If it sustains above 790, it could see levels of 830-850 in coming days.
Comment:
Order cancelled: Lol. Couldn't sustain above 790 at all. Attempt failed completely. No chance of entry at all. Closed.

What I feel bad about it is the investors who had to face this price shock. Once again.
Has the price fallen to a yearly low? Can we now go long for April contract. Why such a sudden and steep fall when the market is doing well.
Reply
dravya venkaticr
@venkaticr, it fell so steep because of USFDA regulation. avoid the stock .
Reply
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