DIVISLAB trade ideas
Inverted Hammer formed in Uptrend with divergence1) Formed Inverted hammer in monthly chart exactly near Fibonacci level
2) Formed double top with divergence
718 % increase in volume on divis labs today. There is a huge spike in volume on divis labs today. it spiked up by about 700%. i will be watching this stock closely for the next week.
DIVIS LAB Inside Bar Trade 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 .
Tradesetup for Divislabi would be holding my position till it plays within the rising wedge and close the long trade and open a short as soon as it breakout from the wedge.
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Divis Labs Potential Short CandidateSelf Explanatory: NSE:DIVISLAB On a daily time frame it has formed head and shoulders pattern and retest of the breakdown happened.
On weekly time frame potential trend reversal has occurred.
