DIVISLAB trade ideas
DIVISLAB | Flag Breakout In SightDIVISLAB is on the verge of flag breakout. Earlier we posted about HnS Pattern and also mentioned that we need to go long once it closes above neckline at 1235-40 because the support of 1215 was huge. Now it near the completion of target of previous swing at 1555. Once it crosses that, it can easily go for higher targets as shown in the chart. SL should below the flag.
DIVIS LAB Breakout TradeDIVIS LAB is testing new heights recently .
Has broken out of a triangle in hourly .
Levels are mentioned in charts .
An investment idea in DIVISLAB on NSE (INDIA)This is weekly chart of DIVISLAB on NSE with CMP @ 1477.80. It seems to be an excellent scrip for long term investment based on following observations:
1. Price was trading in a channel as shown on the chart since June 2011 unless it broke down in Dec 2016. Price once again has entered the channel after deep corrections.
2. Price has broken previous high made in Sep 2016.
3. Support zone has been indicated on the chart based on price action. Price after testing the lower end of support zone, has formed bullish kicker in the last week with substantial rise in volume.
4. MACD indicates bullish view.
Price seems to be all set to go past 1800 (upper fibre of rising channel). Hence, it looks good from investment perspective with initial stop below 1324 (below bullish candle of last week on closing basis) and ride the trend.
Happy investing...
DIVISLAB#DIVISLAB has formed #Invertedheadandshoulder pattern and now stock looking for 1600-1700 level in next 3-5 months. Stock have strong at 1250-1400 levels. CMP- 1475.
DIVISLAB TRAD BRAKE OUT SIDE TRADE DIVISLAB WHIE SIDE IS IT BRAKE OUT THAT SIDE UP SIDE TARGET 1 1320 TARGET 2 1407 DOWN SIDE BRAKE OUT SHORTING TARGET1 1205 TARGET 2 1120
intraday play for DIvisone side move either down or up is expected in divi, most probability towards resistance 1307 . please see the chart and trade accordingly
Divis Lab Head And Shoulders Pattern Divis Lab has made a text book head and shoulders pattern after a long trend .
Today has made an inside bar on the neckline support level .
Possible bounce back or break down from this level .
Can go long above the high of today and short below low of today .
Inside bar DIVISLABLong if PDH is broken with SL at PDL
Short if PDL is broken with SL at PDH
PDH - 1265
PDL - 1225
'DIVIS LAB' #SELL BELOW 1240INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 24, 2018)
DIVIS LAB SELL BELOW 1240
DIVISLAB | Head, Shoulder or Knees and ToesDIVISLAB had formed good HnS pattern on daily timeframe and today it broke it. However there is major support zone at 1215 as per PA, which might hold for sometime, So once it will close above neckline, it will go long. One can short it around 1235-40 with SL above 1249.
DivisLab - At support1230 - 1245 is strong support zone. Breaking it will make the price to fall towards 1210, 1180 and 1150.
