DIVISLAB--Head & Shoulders pattern??Head and shoulders pattern is identified in this stock.
price is now near to Neckline.
on bottom we have a strong support lies at 3400 levels,
if price breaks neckline we have a support lies at 3400.
keep in long side from support levels,
if neckline failed to push the price downside we have a continuation from this support levels.
Divislabbuy
DIVISLAB Analysistrendline is broken and retested price is moving up....
now price exactly at its previous supply zone....
we have to look if its break or not....
we have a strong support in the range as demand zone...
In daily time frame still not at reached the supply zone...but in weekly it reached...
we have a trendline support as well in daily time frame...please be on the buyside...
if suddenly price falls below the trendline also don't go for sell, small demand will again push it upside...
DIVISLAB--Bullish view@ 3000 ??9bservations::
The stock is trending upwards.
currently this stock is trending bearish ,In lower timeframes.
price facing resistance again from previous Resistance@ 3400 and showing bearish pressure caused the price pushing downwards.
in the middle price leaves a supply zone 3280 level causing the price to push back, keep on buyside after breaking this levels. if you miss entry @ bottom levels.
previous while breaking the resistance price creates a demand zone in the range 2950-3000. Buyside--Targets are 3400 and 3500 3600 .
if price come back to this zone Resistance, we will look for sell until 3300 levels only.
Keep track tis level for buy side, if price breaks the demand zone we have strong support lies in the range 2800-2750. Look at these levels.
NSE:DIVISLAB