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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
Make short position in DIVIS LAB 5130-5136
Target 1= 5048
target 2= 4985
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.
After Strong upmove stock is consolidating for some period.
which formed POLE & FLAG pattern on Daily Chart.
keep in watchlist, after BO upmove rally can be seen once again.
one can intiate Long with SL below BO candle after BO.
Postional Target of pattern is POLE HEIGHT.
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....