In the Weekly Chart of DIVISLAB ,
we can see that, it is coming to retest the Inverted Head & Shoulder breakout.
Let it retest properly and create a Pinbar on support.
Expected momentum is shown in chart.
Scrip has showing trend reversal with reverse head and shoulder pattern break out. It has potential to give approx. 40% gain from current price even if someone ride it till its all time high.
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip....
cup & handle breakout done.
waiting for further move
r1 4400 is the easy target because
last year r1 and this year r1 are almost same
this year pivot level in narrow range
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
DIVISLAB taking support of 3925.00 after breakout of Cup & Handle Chart Pattern,
can go long Above 4075.00,
Please Note : This is only for study purpose and not recommendation for actual trade, Do your own analysis.
From Mar'23 bottom of 2730 stock has rallied and made a high of 3934 in Aug'23. Post that stock has undergone into a correction which already concluded at Nov'23 bottom of 3295. From there stock has rallied again and broken it's previous swing high made in Aug'23. The recent price action suggests that stock has formed a Continuation H&S and given a breakout on...
1. Head and shoulder pattern breakout on weekly chart.
2. Stock has been in a good uptrend till 2022 but since then the down trend continued. This head and shoulder pattern indicates a possible trend reversal in this stock.
Go Long above 3568.9 for Targets of 4070, and 4389.7 with SL 3295.3
Reasons to go Long:
1. On a Weekly timeframe the stock gave Trendline breakout.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
3. Also a bullish candlestick pattern Bullish...
A good reversal breakout in Divis lab.
long time resistance of 3900 is now broken
a very favorable risk reward setup for long position.
SL and targtes on chart
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Attempting breakout of a important resistance.
Formed a ascending triangle pattern + inverted head & shoulder pattern.
Its having a good momentum price above 20 ema with a trending RSI.
Price needs to sustain above 4000 level mark to confirm the breakout.
A selling pressure can be seen around 4500 levels.
Note: This is just for analysis purpose, please do your...
This is a detailed analysis of Divislab.
Again, there are 2 ways to trade-
CMP- 4030
1) Short term-
Target- 4122
Stoploss- 3909
2) Long term-
Target- 4500
stoploss- 3804
Please remember to srictly follow stoploss and target amidst this overbought market.
Cup and handle breakout done for the target of 5000. The beauty here is Inverted head and shoulder formed in the handle and it broke out first. Intermediate Resistances are mentioned in the chart in red colour and the final target in green.
Note: This is for educational purpose only.
DIVISLAB has given a breakout of an important resistance around 3950 in Daily time frame in 4th attempt and started trading above all EMAs. Wait for price to retest and then one can enter for a target of 4400 and 4600.
*This idea is only educational purpose, please trade at your own risk*
