Divislab Hour- Sell 1298, stop 1320 tgt 1240Divislab is showing weakness and can be sold at cmp 1298, stop 1320.
DIVISLAB trade ideas
DIVIS LABS - PINBAR CANDLESTICK PATTERN STRATEGY 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 as a new support levels.
It is also worth to note that the previous high levels where our target is placed is at 61.8 retracement levels that also indicates the importance of the said levels
lets buy DIVISLAB 1190/1194 Stoploss 1178 Target 1210Above 1210 if stay 10min with high open interest blast upto 1240/1260/ lets see what happens
DIVIS looks BEARISH It is trading in a range bound within a triangle, overall long term trend looks bearish and now it is an good opportunity to short and be with the trend.
Divis Lab in major Triangle consolidated patterLooking for a breakout downward as a correction of on-going massive impulse leg.
Get your zoom lens cleared, shot opportunity can come in the way.
