Head and shoulder pattern in Divis Lab suggest more deeper levels.
Start adding for long term near 3200/3000 50% amount anda rest 50% near 2800 level if comes.
As you can see Divis Lab is on the way to downside, in minor Wave E forming a Triangle pattern.
As per EWT minutte wave (c) can travel till fibo ratio 1 or 1.2 which are also my target.
But a trader must be cautious if it breaks the invalid level of 3710, if this level breaks above all study/ Analysis will be invalid.
NSE: DIVISLAB
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 3449 This could be taken as a maximum downside target in my opinion at the early stages now
2. Time Frame:- 1 Day
Conclusion:-
A trendline has been broken at the current levels and thus it could work as resistance, I have seen some forecasts...
Divis Labs looks to Breakout tomorrow in an hourly Time Frame.
Will be upto 3850 to Achieve as Target 1.
If Stays rally Further Moves for 4000 only if withstand above 3920.
Stay tuned and Trade on your own Risk.
BSE:DIVISLAB gave a decent breakout above the level of 3635 which was resisted twice and came back to a bottom level, thus the bottom wasn't breakdown showing a good sign of bulls in the stock and the breakout was also a proper green candle closing above the resistance level, thus my view is to go long and the target is 3859 with a strict stop loss of 3450..
DO...
Details are given in the chart. After trading in a range, share broke down of the range today.
Rationale
1) Axis MF news
2) Breakdown of range
3) Volume supported.
📈 Divis Lab 📉
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...
DivisLab CMP 4505
If price doesnt close above the black line,
I am expecting price to move in the channel...
Blue line as my possible tgts
Chart is for study purpose only!!!
DIvis lab is looking good
REASONS
1. It was facing resistance from a trendline that is in red color and recently it had given a breakout of this trendline.
2. A triangle pattern had started forming on January 18 and recently the pattern had also given a breakout.
3. For the past few days the stock is consolidating in a narrow zone and it may break the zone at...
