Divis Lab - Showing Weakness - After Formation of PINBAR Candles

Short

DIVI'S LABORATORIE (NSE:DIVISLAB)

NSE:DIVISLAB DIVI'S LABORATORIE

Doji Candlestick Analysis Pin Bar divis

doji candlestick pinbar divis

It is been observed that the selling pressure is high due to which buyers are having hard time to pick up the prices. Previously the bearishness was confirmed by the formation of PINBAR Candlesticks pattern that indicates weakness and rejection of higher prices. Therefore it is a good time to short at current levels for target 1240 Stoploss 1351

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