Divis Lab - Potential Short Covering Rally Long

DIVI'S LABORATORIENSE

Description

⋅ Jun 11, 2018 4:02 PM

Lets try one more short covering rally in Pharma sector towards 1080 levels in a time span of 1-2 trading sessions. Possibly the last pharma stock to a short term short covering rally.

Comment

⋅ Jun 12, 2018 3:57 AM

1040 in spot

Comment

⋅ Jun 12, 2018 4:38 AM

1057 in spot

Comment

⋅ Jun 12, 2018 6:32 AM

1066 in spot

Comment

⋅ Jun 12, 2018 7:54 AM

1076 in spot

Comment

⋅ Jun 12, 2018 10:01 AM

Expecting to revisit the target 1080 by tommorow. Else time base stops takes over.

Comment

⋅ Jun 13, 2018 9:31 AM

Time-based stop done closed at 1045

Trade closed: stop reached

⋅ Jun 13, 2018 9:32 AM

Time based stop reached.

Trend Analysis DIVISLAB

Comments

djrish

⋅ Jun 12, 2018 7:38 AM

nice..what was the basis you were expecting short covering in pharma since round one was already done.

algomojo

⋅ Jun 12, 2018 7:39 AM

@djrish, Based on Market Profile Patterns Grade2 Short covering setup.

djrish

⋅ Jun 12, 2018 11:17 AM

@rajandran.r, can you pl explain.. or some link to understand more

algomojo

⋅ Jun 13, 2018 9:33 AM

@djrish, It my own trading observation based on market profile.