DIVISLAB Down to FILL GAP ???!!!
Chart Patterns insist me to go with the opinion titled above!!!
REASONS:
1. Divislab has been travelling in a MAJOR Expanding Triangular pattern.
2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern).
3. Soon the Stock may take support @ the major support.(Green line shown in chart).
4. There is also a GAP (occured in Aug 2020)....which too can act as Support!!!(thus gap can be filled.)
SL- Day candle closing above 3770
Target- 2900
Let's wait and watch whether its going to take Support or Break it!!!!
Note - Just sharing my view ....not a tip nor advice!!!!
REASONS:
1. Divislab has been travelling in a MAJOR Expanding Triangular pattern.
2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern).
3. Soon the Stock may take support @ the major support.(Green line shown in chart).
4. There is also a GAP (occured in Aug 2020)....which too can act as Support!!!(thus gap can be filled.)
SL- Day candle closing above 3770
Target- 2900
Let's wait and watch whether its going to take Support or Break it!!!!
Note - Just sharing my view ....not a tip nor advice!!!!
Note
Forgot to add....there is also 0.5 fib support prevailing near the gap support!!!Trade active
Note
moving as per levels!!Trade active
Note
Going good...Trade closed: target reached
Right at the green support line!!!better to book profit!!!
Note
Took gap support too!!!!!
Amazing to watch!!!
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.
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.