Divislab: 657 is Highly over sold, RSI is showing a positive divergence, will definitely have a pull back from here, but the correction is not yet completed. Could be only a time wise correction remaining, means the stock can remain in a range bound trade for some time. We all know that the sector is facing hurdles, which may require little time to overcome the issues. Any reversal sign if observed in pharma stocks, this will definitely jump to 916 level and other way, crossing minimum 38% retracement will confirm the reversal. Both are same but :D (on request)
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Last call
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DIVISLAB Final call
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Trading in a flag, break above 648 will take the price to 710
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good move
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where is my other post? :D
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yah 710 to 750
that is how good stocks moving.. al ways beyond the expectation.:D
that is how good stocks moving.. al ways beyond the expectation.:D
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611 support
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A premature idea:
DIVISLAB: Head and Shoulders Bottom patterns is Developing: volume plays a larger role in bottom formations than top formations. While an increase in volume on the neckline breakout for a Head and Shoulders Top is greeted, it is absolutely mandatory for a bottom. So far the volume at LS and the Head were noticeable.
Advances from the low of the right shoulder breaks the NECKLINE, then IHS Bottom reversal pattern is complete, or it says, the downtrend is not reversed until neckline resistance is broken.
Advances from the low of the right shoulder breaks the NECKLINE, then IHS Bottom reversal pattern is complete, or it says, the downtrend is not reversed until neckline resistance is broken.
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Done
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Nice Jumb