DIVI S LABORATORIES LTDMis à jour Divi's Lab: Potential Upswing as VCP Pattern Nears Breakout with
Stock: Divi's Laboratories Ltd. (DIVISLAB)
Analysis:
Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout.
If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Key Signal: Volume spike during breakout
Expected Move: Upside continuation if breakout confirms with volume
Trade Plan:
Entry: On breakout above current resistance, ideally with a high volume candle
Target: Initial target based on previous resistance levels or recent highs
Stop Loss: Below the consolidation range
Analysis:
Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout.
If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Key Signal: Volume spike during breakout
Expected Move: Upside continuation if breakout confirms with volume
Trade Plan:
Entry: On breakout above current resistance, ideally with a high volume candle
Target: Initial target based on previous resistance levels or recent highs
Stop Loss: Below the consolidation range
Transaction en cours
Already in good profits now, keep trailing,
Safe can book profits,
others can book partial profits and keep trailing remaining for more
Trade fermée: cible de profit atteinte
Excellent profit, target closed
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Learn, Profit & Share
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.