Divislab is highly likely to break 1600 in the coming fews. It is in a overbought zone and RSI has given a sell indicating a move south for Divislab. #Shortterm.
Adjust trading volumes as per entry price.
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Buy at CMP,
Target 1 - 1492
Target 2 - (Above 1496) target for 1517
SL - 1445
RSI (14) looks strong, momentum building up.
This is a Positional Trade.
This is my analysis, please do take time to make your
own analysis before engaging in a certain trade setup
Divis Lab is weak after forming a double top after a great rally .
On hourly , it has formed an inside bar on weak support level .
Can go short below the low of the bar .
Levels are mentioned in the charts .