Divi's Laboratories LimitedTelah dikemas kini Divi's Lab: Potential Upswing as VCP Pattern Nears Breakout with
Stock: Divi's Laboratories Ltd. (DIVISLAB)
Analysis:
Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout.
If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Key Signal: Volume spike during breakout
Expected Move: Upside continuation if breakout confirms with volume
Trade Plan:
Entry: On breakout above current resistance, ideally with a high volume candle
Target: Initial target based on previous resistance levels or recent highs
Stop Loss: Below the consolidation range
Analysis:
Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout.
If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Key Signal: Volume spike during breakout
Expected Move: Upside continuation if breakout confirms with volume
Trade Plan:
Entry: On breakout above current resistance, ideally with a high volume candle
Target: Initial target based on previous resistance levels or recent highs
Stop Loss: Below the consolidation range
Dagangan aktif
Already in good profits now, keep trailing,Safe can book profits,
others can book partial profits and keep trailing remaining for more
Dagangan ditutup: sasaran tercapai
Excellent profit, target closed
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Learn, Profit & Share
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.