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Novicetrader2015
Apr 27, 2021 12:37 PM

Divis Laboratories - Very Important Zone (SWING TRADE) Long

DIVI'S LABORATORIENSE

Description

Stock has made all time high but has been rejected multiple times from the same zone, might come for selling tomorrow

However looks good for swing
Buy only if hourly candle closes above 3925 !!


P.S. Sell below 3850 only for targets of 3800 and 3780 (Intraday)

Trade active

Today stock opened gap up and came down. However our levels are still intact. Keep in radar for tomorrow:
For Buy: Stock should go from bottom to up
For Sell Stock should go from top to bottom

Trade active

Ignore this stock for intraday. Take for swing only when hourly candle closes above 3930/3935

Trade closed: target reached

Gave 4% + move after hourly candle close above 3925. Can book 50% if taken for swing. Trail with rest
Comments
geekHarsh
Looks promising, targets- T1 - 4161, T2 - 4286, T3 - 4445
CapitalGain360
look Week volume Support
Novicetrader2015
@CapitalGain360, Yes, that's why stressed on hourly candle close above the level.
You have option to sell the stock below 3850 if it falls back from resistance.
CapitalGain360
@Novicetrader2015, Yes good risk to reward trade with stop loss 3930 on Day Close basis
Novicetrader2015
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