Divislab closed near its all-time high and if stock sustains above 5270 we can see a good rally towards marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
1) On Daily Time Frame, it just closed above 21DMA which is also a good support at 4900.
Please refer Chart below: Daily time frame.
2) On 15 min time frame, it is now in critical Zone.
Please refer Chart below: 15min time frame....
Divi's laboratories had taken a clear breakout in 1hr time frame, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
***** It's just for an educational...
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
DIVIS LAB made a strong close yesterday and has reached its all time high.
The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss.
Trade will be valid only on bullish 75CB and further price action confirmations.
Here's the daily...
Please Consult Your Financial Advisor Before Taking Any Decision.
BSE:DIVISLAB is down 3.5% as of now and expectation are for a slight rebound from area 1462.55 which is a 15m demand zone. Stoploss around 2.8 points below entry with tp 5.6 or 8.4 points above entry.
Note: Always risk 1% of account...