Varthagam-Seivom

Divislab for positional Trading - Not for Intraday

BSE:DIVISLAB   DIVIS LABORATORIES LTD
Scenario 1 Long:
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Now Divislab currently made double bottom . Now in Lower time frame it is showing reversal indication of Hammer candle in lower time frame

If Divis Lab moved above 3427 the we can go for Long and Stop Loss would be.3312
The 1st Target Will be 3686 & 2nd Target will be 3879

Scenario 2 Short
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If Divis Lab breaks below 3251 the we can go for short and Stop Loss would be.3312
The Target Will be 3023

Scenario 3 Long
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After Completion of Scenario 1( level 3887) The price will be retest @ 3804 and will break out after 3887 and retest the same level from new high and start rally toward the price level of 4441. This pattern is called cyclic Double Top .

Also we can take entry @ retesting zone of 3900 to 3983 But the stop loss should not below the 3804 and the target will be 4441

Comments

this is nice analysis mahesh jee, i will rather go for 3840+ to catch scn#3 if happens.
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Varthagam-Seivom daytraderph
@daytraderph, thankyou
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