We looked at Divis lab earlier when it was at crucial levels(link below).
here is an update on charts:
1. Stock gave falls breakdown intraday and reversed taking support at a trendline at lower levels.
2. Supply side at higher levels still intact.
3. Stock may consolidate for while. Especially because there are many short positions visible on option chain on higher sides.
4. Any breakout above 5050, can lead towards 5400-5500.
(Disclaimer: This analysis is purely for educational purpose. It does not indicate any stock/trade suggestion. Please consult your financial advisor before making any decisions regarding investments.)
Link for the previous chart analysis:
here is an update on charts:
1. Stock gave falls breakdown intraday and reversed taking support at a trendline at lower levels.
2. Supply side at higher levels still intact.
3. Stock may consolidate for while. Especially because there are many short positions visible on option chain on higher sides.
4. Any breakout above 5050, can lead towards 5400-5500.
(Disclaimer: This analysis is purely for educational purpose. It does not indicate any stock/trade suggestion. Please consult your financial advisor before making any decisions regarding investments.)
Link for the previous chart analysis:
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