DIVISLAB trade ideas
Divis Laboratories - Wednesday TradeTrendline earlier acting as resistance is giving support now. Also stock has formed inverted Cup n handle on Daily TF. Good to short if breaks TL and sustains below
DIVISLAB : Looking for great buying opportunity!DIVISLAB is looking for great buying opportunity. Has the chance to make some heavy chunks of profits, Charts looks way clean & ready to 🚀
Divislab for positional Trading - Not for IntradayScenario 1 Long:
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Now Divislab currently made double bottom . Now in Lower time frame it is showing reversal indication of Hammer candle in lower time frame
If Divis Lab moved above 3427 the we can go for Long and Stop Loss would be.3312
The 1st Target Will be 3686 & 2nd Target will be 3879
Scenario 2 Short
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If Divis Lab breaks below 3251 the we can go for short and Stop Loss would be.3312
The Target Will be 3023
Scenario 3 Long
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After Completion of Scenario 1( level 3887) The price will be retest @ 3804 and will break out after 3887 and retest the same level from new high and start rally toward the price level of 4441. This pattern is called cyclic Double Top .
Also we can take entry @ retesting zone of 3900 to 3983 But the stop loss should not below the 3804 and the target will be 4441
Divis Labs “W” Formation It seems to form a “W” formation in the daily chart. Also seen a breakout with good volumes at hourly chart.
Hold for long tgt 3775 to 4k soon.
Breakout of Downtrend channel in DIVISLAB In yesterday's trading session, DIVISLAB gives breakout of its downtrend channel. After this breakout expected it will go till 3750+ level in the upcoming trading session.
DIVISLABDIVISLAB: Looking Good
Support Level Bounce Back to Bullish
Buy Above 3500 Add Until 3350 Stop-Loss 3300
3600-3700-3800-3900-4000++
Positional Call
Divis Lab ShortShort divis lab position ally for target 3360 & 3210
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.
Divislab iN Current Scenario following The Symmetrical PatternDivislab IN Current Scenario following The Symmetrical Pattern (Giving Breakout)
LONGdivis lab moving with a good volume
levels are mentioned in the chart
my target 4154 ( fib 38.2 )which is a previous swing low
