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DIVI S LABORATORIES LTD
Long
Updated

DIVI'S LABORATORY DESCENDING WEDGE BREAKOUT - BULLISH

226

  1. DESENDING WEDGE BREAKOUT -

    Divi's laboratory has recently broken out of a Descending Wedge pattern with confirmation on weekly chart indicating strong upside pressure

  2. 50D & 200D SMA ACTING AS STRONG SUPPORT -

    Price has recently reversed from these 2 sma on weekly chart simultaneously indicating strong upward momentum

  3. REVERSAL FROM STRONG SUPPORT-RESISTANCE ZONE -

    Price has reversed from one such zone a few months back after a long consolidation indicating upside pressure

  4. ENTRY & EXIT LEVELS -

    TAKE PROFIT (TP) - 4318
    STOP LOSS - 2711

Trade closed manually
Price is close to the level where prediction was made, momentum is now lost & overall market has turned bearish hence exit the position
peace_lover
My Social Media links :

📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Also on:
breakoutMoving AveragesSupport and ResistanceTriangleWeekly Charts

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
breakoutMoving AveragesSupport and ResistanceTriangleWeekly Charts
peace_lover
My Social Media links :

📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.