DIVISLAB - Few points away from breaking long term support
DIVISLAB is trading near to its long term support zone of 3900. It has formed a closed range in last 3 days and coming very close to breakdown.
If 3915 is broken then it can fall to 3900 & 3850.
If stock closes below 3900 then more fall can follow.
Best case to trade this is if it opens around 3920 and move down. Safe traders should wait for it to cross 3900 and when it sustains below this level for 15 mins, go fo short.
Trade should not be initiated if there is big gap down like stock opening at 3990 directly and start moving down.
Trade with risk management.
Thanks
Piyush Gupta
Learn & Earn
If 3915 is broken then it can fall to 3900 & 3850.
If stock closes below 3900 then more fall can follow.
Best case to trade this is if it opens around 3920 and move down. Safe traders should wait for it to cross 3900 and when it sustains below this level for 15 mins, go fo short.
Trade should not be initiated if there is big gap down like stock opening at 3990 directly and start moving down.
Trade with risk management.
Thanks
Piyush Gupta
Learn & Earn
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
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.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
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.