Divis Lab has been regularly taking support at 50 weekly ema and has always given a good move post taking support, entry at current levels with a stoploss of weekly close below 4350 gives a good risk reward for a move to ATH and beyond.
NOTE: VIEWS ARE FOR LEARNING ONLY
Divislab is on the verge of a breakout and looks good above 4650 for the upper targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
The analysis is done on Daily TF hence price may take few days to few weeks in order to reach the targets.
Trade logic is based on simple 200EMA strategy (explained in image itself).
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to...
Good to keep on the radar
always respect SL & position sizing
Trade Secrets By Pratik
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
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After breakdown coming back above the support which turned resistance
Took support at 200 DMA
Keep sl 4440 and ride till ATH
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
#NSE:LYKALABS crossed century and records 107% ROI till today !!
Few more stocks which resulted also shared, have a look.
By the way I have observed during the queries from traders,
few, very few experienced traders are doing very well, following all the disciplines which need to be followed for each trade, Happy for them.
other traders, appx 60%...
I hope you can now see how Divislab represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...