Trendline and the specially designed volume action analysis suggest a BEARISH run on the DIVISLAB.
This is my this week analysis on DIVISLAB pivot point and resistance line are supporting the bearish view.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region....
Trendline and the specially designed volume action analysis(Designed in Pine script code) suggest a Bearish run on the CIPLA.
The DIVISLAB is nearing the resistance line with good bearish volume indications.
This is my NEXT week analysis on DIVISLAB two resistance line are there with good volume supporting the bearish view.
The background with light green color...
DIVIS lab will take a good support at the runaway gap created. On the upside, the trendline will act as the resistance. BSE:DIVISLAB
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(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...
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....
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