ShelendrAgrawal

Divis Lab Analysis !! Broke Out

Long
NSE:DIVISLAB   DIVI'S LABORATORIE
πŸ“ˆ Divis Lab πŸ“‰

This broke out from a Resistance Zone of downtrending Trendline and closed above previous high of 4450.

On Buy Side I am looking for Targets of 4680, 4940 and 5370.


StopLoss should be kept below 4200-4300zone.
It offers 1:3 Risk To Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade active:
Trail SL to 4335
Trade closed: stop reached:
Trailing SL hit

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