DIVIS LAB - UPDATEWe looked at Divis lab earlier when it was at crucial levels(link below).
here is an update on charts:
1. Stock gave falls breakdown intraday and reversed taking support at a trendline at lower levels.
2. Supply side at higher levels still intact.
3. Stock may consolidate for while. Especially because there are many short positions visible on option chain on higher sides.
4. Any breakout above 5050, can lead towards 5400-5500.
(Disclaimer: This analysis is purely for educational purpose. It does not indicate any stock/trade suggestion. Please consult your financial advisor before making any decisions regarding investments.)
Link for the previous chart analysis:
DIVISLABJ2025 trade ideas
Breakout Trade Idea for DivisLab has been trending in uptrend for a very long time and still has potential to hold current levels and to go higher levels from here. After some days of consolidation, Today it has got breakout from its range and is ready to take a leap. It offers a good Risk/Reward ratio. Trade accordingly.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.