DIVISLAB
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
Divis Lab ShortShort divis lab position ally for target 3360 & 3210
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Expected Move of DivisLabThe stock has formed the Rounding Top and may trade in the green channel to form the handle in order to complete the pattern. Keeping it on the watch list.
I would also try to post an Expiry trade for option buyers.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
DIVISLABTrendline and the specially designed volume action analysis suggest a BEARISH run on the DIVISLAB.
This is my this week analysis on DIVISLAB pivot point and resistance line are supporting the bearish view.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
will give follow back to all the followers.
Please comment and let me know about my analysis, Follow for more analysis.
**DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
BEARISH view on DIVISLABTrendline and the specially designed volume action analysis(Designed in Pine script code) suggest a Bearish run on the CIPLA.
The DIVISLAB is nearing the resistance line with good bearish volume indications.
This is my NEXT week analysis on DIVISLAB two resistance line are there with good volume supporting the bearish view.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
will give follow back to all the followers.
Please comment and let me know about my analysis, Follow for more analysis.