DIVISLAB trade ideas
divis labHello!! Divis lab is a good stock I feel it is in an uptrend but at a resistance, if it sustains over the resistance for a few daily candles it can see 400 pt.s up in abt. 1-4 months. but if it will come below the resistance then a retracement can be seen to the supports below. let's see what will happen tomorrow .....#my_view #learner
DIVIS SHORT DIVISLAB looks weak to me
entered short @ 2224
sl 2255
tgt 2098 and can even go down from there too..
trading is highly risky business
above trades are no tips , they are my observation
any trade taken will be your own risk
i am not responsible for any profit or loss
If you looking to trade with such confidence get in touch .
DIVISLABA channel is the area between two parallel trendlines – upper trendline (resistance line), and, the lower trend line (support line).
What is a trendline? It’s a line drawn over pivot highs or under pivot lows to show the prevailing direction of price.
Upper trendline (resistance line) is drawn by connecting price highs, and, the lower trendline (support line) is drawn by connecting price lows.
Trading Idea : Buy Divi's Laboratories Ltd.Stock is making higher top and higher bottom on daily chart. Stock has took support at 21 Day EMA and showing reversal from support. ADX is also giving positive cross over.
We are recommending Buy around 2330-2340 with Stop Loss of 2250 (Closing Basis) for Target of 2470 in next 8-10 Days.