DIVISLAB is on the verge of flag breakout. Earlier we posted about HnS Pattern and also mentioned that we need to go long once it closes above neckline at 1235-40 because the support of 1215 was huge. Now it near the completion of target of previous swing at 1555. Once it crosses that, it can easily go for higher targets as shown in the chart. SL should below the flag.
DIVISLAB had formed good HnS pattern on daily timeframe and today it broke it. However there is major support zone at 1215 as per PA, which might hold for sometime, So once it will close above neckline, it will go long. One can short it around 1235-40 with SL above 1249.