🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
The 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
Divislab is making syymetri triangle,upon either side breakout/breakdown we will tale position .
I am very bullish on Divislab. It gave Flag and pole breakout so i have mentioned my analysis on DIVISLAB.
the stock has consolidated and is in high resistance zone go long with 2-3% below as stop loss
Note: This is for educational purpose only. There seems to be a bullish channel breakout in Divislab. RSI above 60 indicates bullish momentum as well.
Note: This is for educational purpose only. Bearish cloud cover formed near resistance. Break below support will lead to further downtrend. RSI indicates loss in momentum too as RSI below 50.
DIVISLAB IS STARTING TO MAKE THE SAME RECTANGLE CONSOLIDATION PATTERN THAT IT HAS FOLLOWED THREE TIMES AND WHENEVER A BREAKOUT HAPPENS WE HAVE SEEN ALMOST 190,270,430 POINTS IN PAST.CONSIDERING IF WE HAVE A SAME PATTERN IN NEAR TERM AND IF A BREAKOUT HAPPENS ABOVE THE RANGE WHICH WE ARE PREAMPTING AS IT IS NOT CONFIRMED THAT WE HAVE A NEAR TERM RESISTANCE AT 2550...