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Trade divis lab only if it opens flat or gap down!

Long
DIVI'S LABORATORIE (NSE:DIVISLAB)  
AM_Tradepicks  
NSE:DIVISLAB   DIVI'S LABORATORIE
Trend Analysis Trend Lines Chart Patterns swingtrading swingtrader swingtradingsetup Trend Line Break intradaytrade stocktrading stockoptionstrading DIVISLAB
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trendanalysis trendline chartpattern swingtrading swingtrader swingtradingsetup trendlinebreak intradaytrade stocktrading stockoptionstrading divislab
Stock has moved consistently in a downward channel and it has started the upmove from swing low. Though stock is in down trend, the upmoves in this stock are always fast.

Expecting a target of 4782 tomorrow itself, which is the channel resistance.

Entry: strictly below 4575 (otherwise the RR is not favourable)
SL : below the broken trendline at 4380

Trail the SL if trendline is broken and hold positionally. Else book profits in intraday.

*educational purposes only*
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