DIVISLAB | Recovery ? after 12 days of consolidation.
• Major trend is bearish but we can trade reversals of this big bearish impulse with good risk and reward.
• Seems like consolidation of 12 days (shown by box on chart) can become base for price, to recover again to some extend.
• Entry:- 3425
• Upside Fib-levels can become our targets.
Targets :- 3549.55 , 3633.20 , 3710.80 , 3752.25
• Stop Loss / SL :- 3311.25
Also recovery from here is the need of the stock price to stop fall . Mentioned in my previous idea . link is attached below
• Seems like consolidation of 12 days (shown by box on chart) can become base for price, to recover again to some extend.
• Entry:- 3425
• Upside Fib-levels can become our targets.
Targets :- 3549.55 , 3633.20 , 3710.80 , 3752.25
• Stop Loss / SL :- 3311.25
Also recovery from here is the need of the stock price to stop fall . Mentioned in my previous idea . link is attached below
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