Divis made Pole and Flag and now it's support at 3670.
Resistance is Channel, If breaks and retest with Bullish candle can make entry for long.
Pharma sector turn bullish.
Trade according to your plan.
Spotted -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
Theory:
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...
See the Chart after 5 moves it made flat correction in the form of abc in C wave it has formed Ending Diagonal pattern and it has given Breakout moving towards new high
in this range divis is looking good if its consolidate at this level so you plan a big target on breakout of 3600 the target are coming 3700,3780 &3900 if you are planning for swing or short term trade plan according your risk appetite
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Divis 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 – ...
Divis 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...
price 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
As we can see a price action which is forming in DIVISLAB is inverted head and shoulder pattern and currently it is at a strong support level so expecting it to move upside in upcoming days
