Inside bar is a two bar price action strategy. The inside bar is smaller and within the high to low range of the previous bar. Previous bar is referred to as the "mother bar". Inside bar forms at market turning points and acts as reversal when forming at support or resistance level. In Divislab daily chart price action shows inside bar. RSI indicates momentum is...
NSE:DIVISLAB DIVIS LAB long positional Entry @ 763.70 Stop Loss @ 749 Target 1 780 Target 2 790
It is been observed on the Daily chart that the price action breaks below the pennant or symmetrical triangle formation, indicating a further move to downside. It shall further reach down to support levels. Target : 750 Stoploss: 785
Hoping that this script attracts investors for long term buying opportunity @ 600.64 which is the retracement of 61.80% ( lowest low and highest high)and valid support and resistance zone, also 100 sma comes to support the view. Recent selling was happened due to Bearish divergence on oscillators and overbought conditions.
some one was searching for DIVISLAB. trading below the median line, can come down to 1000 level having good support. The PF analysis is definitely a subjective one. But other wise it is correction time. The stock seems to be its 5th wave peak now,and a 38.2 % minimum correction can take the stock to 927.
Divis Lab broke the support. Target 1:- 1240 Target 2:- 1200 SL :- 1310 Positional Short
Stock consolidating near the medianline. Would get excited on a breakout. Watch this stock
It is been observed that the selling pressure is high due to which buyers are having hard time to pick up the prices. Previously the bearishness was confirmed by the formation of PINBAR Candlesticks pattern that indicates weakness and rejection of higher prices. Therefore it is a good time to short at current levels for target 1240 Stoploss 1351
The pinbar candlesticks indicates rejection of prices on high levels and also indicates selling pressure at resistance levels. In the above chart, 1380 -1350 acting as resistance zone where we can see rejection of prices due to high selling pressure. The prices may go down to the previous 52 Week high levels to regain buyers in the momentum and also confirmed it...
The price action breaks above its all time resistance level with a high volume, it signals a bullishness in the price action. I would suggest to wait for the correction in order to buy this again. Good opportunity to invest in this after a correction to previous resistance level.
Breaking of a support below 1140 could lead us to 1040.
Either we break through this trend line (marked in bold blue) or we reverse from current levels. Keeping a close check.