Divis Laboratories - Very Important Zone (SWING TRADE)Stock has made all time high but has been rejected multiple times from the same zone, might come for selling tomorrow
However looks good for swing
Buy only if hourly candle closes above 3925 !!
P.S. Sell below 3850 only for targets of 3800 and 3780 (Intraday)
DIVISLAB
FY21-22 Swing Trade Idea #2 : Long on DIVISLABThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
DIVISLAB : EXPECTING GOOD RUN Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Divis lab on Verge of Resistancedaily chart pattern
positive sentiment of pharma sector
Need Volume for Confirmation
Up from 20 50 100 200 EMA
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
I have a List of Top & Best Shares for investing in Stock Market 2021
360 Capital Gain
Divis labdaily chart pattern
positive sentiment of pharma sector
Need Volume for Confirmation
Up EMA
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
BuyRSI is indicating likelihood of breakout from falling trendline. Abv 60 RSI is indicating strength of the move. RS is positive. Volume is good. EMAs have crossed to the up. Price has bounced from near the 1 year EMA. Dip towards 3650-3550 is an opportunity to enter long with sl below 3350 and keep holding for 2-3 times of risk. Long wick formed in last 2 trading sessions amy give false impression of supply. Once it take-out the high of 3800 then probability of breaking falling trendline will be high. Minor higher high has been posted by higher low is yet to be posted which can be around 3650-3550 zone.
Disc : it's not an investment advice to buy or sell
Divislab for positional Trading - Not for IntradayScenario 1 Long:
----------------
Now Divislab currently made double bottom . Now in Lower time frame it is showing reversal indication of Hammer candle in lower time frame
If Divis Lab moved above 3427 the we can go for Long and Stop Loss would be.3312
The 1st Target Will be 3686 & 2nd Target will be 3879
Scenario 2 Short
---------------
If Divis Lab breaks below 3251 the we can go for short and Stop Loss would be.3312
The Target Will be 3023
Scenario 3 Long
---------------
After Completion of Scenario 1( level 3887) The price will be retest @ 3804 and will break out after 3887 and retest the same level from new high and start rally toward the price level of 4441. This pattern is called cyclic Double Top .
Also we can take entry @ retesting zone of 3900 to 3983 But the stop loss should not below the 3804 and the target will be 4441