DIVISLAB - CUP AND HANDLE
Updated
Close above 4100 would induce life into the Cup & Handle pattern and let the stock surge.
Has the potential for 25% run up from the current level
Has the potential for 25% run up from the current level
Note
Currently trading at 4450.. might face some resistance at 4570-4600... and would be prudent to take some profits off the tableNote
3900 TO 4500... 14% return from the date of pick. 10% move since the brkout lvl..Note
Bang on... Divis could go into hibernate mode. Caution advised for longs.. Stock to gain momentum only on a close abv 4600 at weekly level... fake outs cannot be ruled out.. would be prudent to book 3/4th of the position here. Max bullish tgt for now 4600.. can get into bear camp from next week Once a decisive weekly close abv 4600 is made, it could run up till 5400
Trade closed: target reached
Tgt fully achieved
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