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Pravins333

DIVISLAB Channel formed |Head & shoulder |Time to "decide trend"

DIVI'S LABORATORIE (NSE:DIVISLAB)  
Pravins333  
NSE:DIVISLAB   DIVI'S LABORATORIE
Trend Analysis Support and Resistance Chart Patterns
11
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trendanalysis supportandresistance chartpattern

• As shown on chart DIVISLAB shows channel formation . Current red candle is showing respect to the channel's resistance trendline.

• Historical Support is there from 3350.10 to 3435.00 shown on chart. •Above 3981.90 Trend can be change with the formation of Higher High's (HH) and /Higher Low's (HL) .


• Chanel deciding the price.

snapshot

• Head and shoulder Pattern : Let decide the trend as we can see head and shoulder on bigger timeframe, therefore , 3981.90 We can consider it as a Flip level , otherwise downside fall can increase.

snapshot

• History can repeat : choose the trend.

snapshot
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