DIVISLAB trade ideas
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.
Divis lab - Bull trend continue? Divis Labs
Price moves above 2175 with OPEN=LOW candle which is sure sign of bullish ,Price may come back for retesting trend line before big move which will go 2240,2320 and 2360.
If price unable to sustain above the 2160 base price level it may fall back to 2120 and 2060 levels .
Please wait for the price action and trade accordingly .
This video is for educational purpose only.
Gann square outs: Time and price balance in the DIVISLAB.DIVISLAB formed bottom on 14 aug 2019 in this time sun enters in Scorpio zodiac. when we manipulate price and time then we get prices balancing with time.
14-8-2019 manipulate it 148 and prices 1466 it 147 according to gann theory ±3 days are prices will be considered.
but in current situations prices square out and days convert in to week then both are equaled but it will take some time for change in trend.