DIVISLAB bullish; above 4080 ? - Monday 29-Apr.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
DIVISLAB trade ideas
Divislab- bearish harmonic-dailySpotted -bearish harmonic - in Daily time frame
Let us observe whether the harmonic pattern is valid or invalid.
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST based on what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror Telugu
DIVIS LAB: Ending DiagonalTheory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat.
After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal sturcuture)
OUTLOOK:
Prices are likely to extend the recovery towards 4070 in the coming weeks with any weakness holding above the zone of 3460
Divis Lab - LongDivis Lab - Long
As of today, suitable for Short-term Trade / Swing Trade
1. Chances are there to take support at 'Minor Support' level at 3175.4 and reverse.
2. Chances are there to break the minor support and move downwards to the 'Major Support' at 2735.25.
3. So, it is suitable for ‘BUY ON DIPS’ for future profits
Buy and accumulate: 3175.40 – 3470.35
Target 1: 4069.20
Target 2: 4384.00
Target 3: 4828.2
Minor Support: 3175.40
Major Support: 2735.25
Trade and Invest Wisely with your knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
Divis Lab - LongDivis Lab - Long
1. Chances are there to take support at 'Minor Support' level at 3175.4 and reverse.
2. Chances are there to break the minor support and move downwards to the 'Major Support' at 2735.25.
3. So, it is suitable for ‘BUY ON DIPS’ for future profits
Buy and accumulate: 3175.40 – 3470.35
Target 1: 4069.20
Target 2: 4384.00
Target 3: 4828.2
Minor Support: 3175.40
Major Support: 2735.25
Trade and Invest Wisely with your knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
DIVISLAB reversing from supportprice is at support level and last session green candle with good volume shows reversing from support.
MACD showing reversal signals.
since price is falling from last 2 yrs and this is small support , good to exit soon with nearby resistance
Entry - CMP
Target - Previous resistance
Stoploss - below support line
Divis Lab
Please read the notes on the chart and act accordingly.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Divis Lab
Sell below and targets 3665 3635 3605 3575 3545
Buy above and targets 3673 3680 3695 3726 3756 3787
Time candle for tomorrow 2-5-24 12:35 PM (Pivotal)
I am not a SEBI registered analyst. Please consult your financial advisor before making any decision. This is only for educational purposes.