DIVISLAB | Recovery ? after 12 days of consolidation.
• Major trend is bearish but we can trade reversals of this big bearish impulse with good risk and reward.
• Seems like consolidation of 12 days (shown by box on chart) can become base for price, to recover again to some extend.
• Entry:- 3425
• Upside Fib-levels can become our targets.
Targets :- 3549.55 , 3633.20 , 3710.80 , 3752.25
• Stop Loss / SL :- 3311.25
Also recovery from here is the need of the stock price to stop fall . Mentioned in my previous idea . link is attached below
• Seems like consolidation of 12 days (shown by box on chart) can become base for price, to recover again to some extend.
• Entry:- 3425
• Upside Fib-levels can become our targets.
Targets :- 3549.55 , 3633.20 , 3710.80 , 3752.25
• Stop Loss / SL :- 3311.25
Also recovery from here is the need of the stock price to stop fall . Mentioned in my previous idea . link is attached below
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.