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