DIVISLAB
District Bullish Bat pattern is going formed on the DIVISLAB.(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced.
(ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
Wait for the entire Potential Reversal Zone to be tested before executing, to validate.
Terminal Bar means reversal bar is important to excuse our trade setup.
For target, You can use Fib Ratio 62.8% and 38.2% as targets.
DIVIS Laboratories, great comeback!DIVIS Laboratories showed a great comeback today from its strong support zone around Rs.3025. Gave clear Rs. 50/- on upside from the closing high of the buying divergence (yellow) candle on hourly chart.
Next resistance around Rs. 3120. If that is broken, it can move towards 3100 / 3200 levels.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of on intra-day trade !!
Divislab:- Intraday/swing tradeSustaining below decision zone will push the scrip towards 3080.
Sustaining above decision zone will push the scrip towards 3250.
Regards
divis lab taking resistancethe stock has consolidated and is in high resistance zone go long with 2-3% below as stop loss
NIFTYPHARMA INDEX MAJOR SUPPORT ZONES BUY ON DIPSNIFTYPHARMA INDEX MAJOR SUPPORT ZONES ON CHART
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divis lab trend play (with sl)although its a gap there which need to fill but i see it shall take some time , and even if it fill it will not go one way down (leat possiible) thus will be happy to go long on dip for temporary 5% gain
THIS TIME DIVIS LONGafter respecting the trend line resistance seems it may come up and 3200 and 3250 can be seen
if not sustain then 3125 and low can be seen
level mark
stay tune on mcpriceaction
Jyoti Labs buy trend continuation on 60 min chartJyothy Labs is in a strong uptrend and is continuing its move. Recently it has tested its previous resistance which is now working as a support and now given the breakout of a down trendline so we can ride this trend with strick stoploss.
Downtrend started in DIVISLABAs marked in the chart probable downtrend setup is forming in the DIVISLAB
After breaking the important structure, price retested the levels again.
Hourly chart also shows the clear down trend starting.
Further increase in the delivery volume and volume in general also suggests the big move coming.
Next 2 sessions will confirm it further.
Divislab - Bullish breakout from channelNote: This is for educational purpose only.
There seems to be a bullish channel breakout in Divislab. RSI above 60 indicates bullish momentum as well.
Change in polarity: When resistance becomes support1. It broke a range on the downside
2. Came back to test it
3. rejected that resistance there with a bearish engulfing pattern (support becomes resistance)
4. would continue its fall once the bearish engulfing is confirmed (the low is taken out)
Divislab - In a downtrend channelNote: This is for educational purpose only.
Divislab is in a clear downtrend in hourly chart. Short can be done post breakout of the channel. As there seems to be a build up near a lower end of the channel, I am currently bearish. However, will wait for channel breakout in case of taking any position.
Hrmonic Pattern In Divislab - Bullish Deep CrapDivislab has formed the harmonic pattern of bullsh deep crap.
One can take long position after the stock price has reached the PRZ level with above given Tgt and SL
This is my view, For trading consult your advisor.
Divis lab short if price breaksdown below 2245Date: 01 July 2020
Divis Lab (CMP 2257.70)
Multiple chart patterns in Divis Lab.
Descending triangle pattern and Head and Shoulders pattern
If price breaksdown below 2245 then we can see downward target of 2000
T1- 2175, T- 2075, T3- 2000; SL- 2350
Target date: 25 Aug 2020
Divislab Daily Analysis_01/07/20a. Zone: Strong Bear
b. Resistance 1: 2326.60
c. Resistance 2: 2362.10
d. Support 1: 2264.40
e. Support 2: 2237.75
BSE:DIVISLAB
