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....
Note: This is for educational purpose only.
Divislab is in a clear downtrend in hourly chart. Short can be done post breakout of the channel. As there seems to be a build up near a lower end of the channel, I am currently bearish. However, will wait for channel breakout in case of taking any position.
Date: 01 July 2020
Divis Lab (CMP 2257.70)
Multiple chart patterns in Divis Lab.
Descending triangle pattern and Head and Shoulders pattern
If price breaksdown below 2245 then we can see downward target of 2000
T1- 2175, T- 2075, T3- 2000; SL- 2350
Target date: 25 Aug 2020