Divislablong
Simple Trade Setup | DIVISLAB| 20-08-2021NSE:DIVISLAB
Observations:
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.
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Trade Setup for Date 20-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Divis Lab - 1hr BreakoutDivi'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
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
DIVIS LAB SWING ANALYSISDIVIS 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 chart :
Indicators :
However, one to keep in mind would be Nifty50's movement. If the index goes up with strong momentum,a long trade in pharma sector has a probability of failing. BSE:DIVISLAB
DIVISLAB Long Setup [Intraday]Please Consult Your Financial Advisor Before Taking Any Decision.
Educational Idea
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 size per trade, adjust the position size accordingly.