Short Opportunity -
Divis lab took strong support of Rs. 4013.10. The international market closes in negative sentiments, so it is expected that this stock will open a gap-down. We will initiate our short selling of this stock closes below the level of Rs. 4013.10.
But we can't ignore that there is a double top pattern formed in this stock. and if his stock opens in positive sentiments, we will wait to retest this stock at a level of Rs. 4046.90 and then we can go for long. But there is a high probability trade at the downside.
Divis lab took strong support of Rs. 4013.10. The international market closes in negative sentiments, so it is expected that this stock will open a gap-down. We will initiate our short selling of this stock closes below the level of Rs. 4013.10.
But we can't ignore that there is a double top pattern formed in this stock. and if his stock opens in positive sentiments, we will wait to retest this stock at a level of Rs. 4046.90 and then we can go for long. But there is a high probability trade at the downside.