DIVIS Laboratories showed a great comeback today from its strong support zone around Rs.3025. Gave clear Rs. 50/- on upside from the closing high of the buying divergence (yellow) candle on hourly chart.
Next resistance around Rs. 3120. If that is broken, it can move towards 3100 / 3200 levels.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of on intra-day trade !!
Next resistance around Rs. 3120. If that is broken, it can move towards 3100 / 3200 levels.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of on intra-day trade !!