All Time High Breakout
W Pattern Breakout
Price moving up in Rising Channel
Targets : 1890 - 2030 - 2250
Upside : 35%
SL : 1550
Time Frame : 3-6 Months
RSI in Bullish Zone & Weekly EMAs acting as Support
It's a W pattern formation.
Followed by the price is consolidating around the neckline trendline.
Today a smallish green candle formed out of the consolidation zone, breaking above a falling trendline.
Keep an watch.
Hello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move of 20-25% can be expected in DIVISLAB.
Banknifty heading towards 41000 ??
Technically YES, as per the analysis it is forming W - Pattern and currently at resistance. We can see RSI Divergence indicates the Strong reversal in the trend which is a good opportunity for swing entry to go long keeping SL 38800 - Target we can expect another 1500 Points move that is 41000 will be tested soon.