sauravskumar

Divislab - Short on break of 3000 | Don't short early

Short
BSE:DIVISLAB   DIVIS LABORATORIES LTD
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Looking at Divislab on the Daily time frame, we can see that it is testing out the 3000 area of support.
If 3000 breaks then, it can give a nice momentum to 2800. At 2800, it would be interesting to see which path it chooses next (whether Up or Down).

On the monthly, Divislab looks overextended and ripe for going short. We can even spot weakness as we can see wicks at the top.
Shorting Divislab below 3000 could be a good move.

Wait for 3000 to break and take a position accordingly as per your risk management.

Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.

“You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas

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