DIVISLAB trade ideas
Divis labAfter breakdown coming back above the support which turned resistance
Took support at 200 DMA
Keep sl 4440 and ride till ATH
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Devis Lab Daily TfAs we can see price taking support at 4400 levels & a morning start candle formation can be seen at that level. As the THIRD candle of the morning star is a big momentum candle we can expect a rally to the upside to the levels of 4980 and furthermore to 5250-
When to enter-
- Long term buyers can enter now.
-But swing traders can wait till the price retraces the 4400 levels.
Stoploss-
SL should be below support levels for both LONG & SWING Traders
DIVISLAB on 40-week (200 day) MA support yet another timeOver the last 4-odd years DIVISLAB has been finding support near the 40-week (200 day) MA multiple times. Will the stock rally once again from around the current levels? Going by the past datapoints probabilities weigh fairly for such an outcome.
DIVISLAB - Swing Trade - 200EMA supportThe analysis is done on Daily TF hence price may take few days to few weeks in order to reach the targets.
Trade logic is based on simple 200EMA strategy (explained in image itself).
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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