Divilab fut broke above flag n pole pattern on an hourly charts with decent long build up sseen on OI.
Risk:Reward = 1:2
Could be bought with mentioned stoploss & target.
DIVISLAB FUT made & broke inverse head & shoulder pattern on daily charts with decent OI.
Risk:Reward = 1:4
Not to be missed breakout.
Could be bought with mentioned stoploss & target.
DIVILAB FUT broke out of consolidation range with 5% decrease in open interest suggesting strong short covering.
Could be bought with mentioned stoploss & target.
DIVISLABS fut broke out of descending channel pattern on 30 min TF with decrease in OI suggesting shortcovering, also it started to trading above VWAP comfortably.
Could be bought with mentioned stoploss & target.
Divislab chart is self explainatory nothing much to write just writing for the sake of criteria. but make sure you take it only for educational purpose only.
#DIVISLAB last trading session formed bullish patern,
today trading higher level when if down our retracement 4160-4200,
we can buy around 4200 and tgt 4312-4375 and follow sl 4100 closing basis.
Considering a big gap up earlier, the price and volumes suggest profit booking in Divi's Lab. Once it breaks its support of 3063, there shall be a free fall for INR 300 - 400.
