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DIVISLAB forming a beautiful price action patternDIVIS LAB has formed a descending triangle pattern with significant price action setups. 1. We can spot a supply zone that has been marked on the chart, a good amount of shares were exchanged at that price before the prices came falling down. 2. The price then took support from the demand zone as marked and made a new swing high which gave a breakout but with low volumes which ultimately failed and again prices dived deep down. 3. The last major fall was initiated by a bearish engulfing pattern indicating that sellers are now active at that range and GTT orders might be in place there so that region is very important for us. Now, if the prices break down from the supply zone we can see another sharp fall or if it takes support we can easily see a rally upwards toward the 3800 zone.
NSE:DIVISLAB
by Apex_Trading69
Alkem for swing trade (Read description properly)Alkem swing trade:- 1.As you can see rounding bottom has formed and it is about to give trendline breakout (wait for proper breakout) but on 09 sep you will notice selling came from upper level and it is little streched if you see past days back to back green candles. 2.So plan to buy either on pullback or retracement from 3265 or if it gives bounce from trendline after retesting it. 3.Keep your 1st target-3600 then between 3680 -3700. Hope you liked this. And do give me suggestion or feedback if u liked this or not. #keep it simple. disclaimer: this is not buying selling recommendation its only for educational purpose.
NSE:ALKEMLong
by WealthHarborSignals