DIVISLAB trade ideas
DIVISLAB | Trendline Support +RSI divergence convincing for longPlease zoom out and see the chart to see clear picture
1) PCR is 58% with highest Open Interest @ 2300, 2400 levels.
2) Trendline Support with RSI divergence in 30 min, 1 Hour, 2 Hour time frames
CMP : 2161
Target : 2250, 2290
SL : 2135
Divis Lab Buy above 2475 on Closing BasisDivis Lab:
Buy Above 2475 on CLOSING Basis
SL 2375 - 2390 on CLOSING Basis
Target: 2505, 2529, 2553, 2575, 2597, 2625, 2645
Sell Below 2365
SL 2425
Target: 2345, 2315, 2275, 2245, 2220
Posting for Educational purpose only
Closing Basis means stock need to trade above 2475 between 3:25 ~ 3.30 PM
Divislab - In a downtrend channelNote: This is for educational purpose only.
Divislab is in a clear downtrend in hourly chart. Short can be done post breakout of the channel. As there seems to be a build up near a lower end of the channel, I am currently bearish. However, will wait for channel breakout in case of taking any position.
Divis lab short if price breaksdown below 2245Date: 01 July 2020
Divis Lab (CMP 2257.70)
Multiple chart patterns in Divis Lab.
Descending triangle pattern and Head and Shoulders pattern
If price breaksdown below 2245 then we can see downward target of 2000
T1- 2175, T- 2075, T3- 2000; SL- 2350
Target date: 25 Aug 2020
DIVIS LABDIVIS LAB :
Price is in upward channel since 2017 which indicates long term uptrend.
Looks like something fundamentally has changed in this stock now as the price is
trying to break the upward channel on the up side which is rare.
Consoldation is seen at the top of the channel from close to 2 and half months.
Winds are changing direction and I see a breakout coming in this stock.
At 2297 levels it is a grab for sure