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Jainshashwat

Very basic but pretty effective pattern - 'W' pattern

DIVI'S LABORATORIE (NSE:DIVISLAB)  
Jainshashwat  
NSE:DIVISLAB   DIVI'S LABORATORIE
Chart Patterns Trend Analysis Rectangle
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chartpattern trendanalysis rectangle
We can easily see the chart of DIVISLAB forming the 'W' pattern. We can buy when there will be one green candle on the support of rectangular box.

How to buy the stock?
Buy above the high of the candle and put the stoploss below the low of the candle.
Target of this trade will be 1:3.
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