NSE DIVISLAB – Breakout Setup
NSE DIVISLAB has broken out resistance zone of 3671 – 3602, with a big candle. It is the signal of bull dominance. The price is trading above 20/50/100/200 Exponential moving average. 10-day, 20-day and 30 day TRIX is showing strength of the trend for the respective timeframe.
If the price sustains above 3671, traders can buy for the following targets: 3690 – 3704 – 3720+. Traders can put invalidation level at one tick below previous day’s close. Breakdown of 3600 will lead for the bearish breakdown.
Further information will be available to subscribers soon.
NSE HEROMOTOCO – Bullish Structure
NSE MOTOCORP trading above 20/50/100/200 EMA with 30-day, 20-day and 10-day TRIX. The ATR of the price is 71.4, whereas RSI is 67.57.
Price is trading for the 5th wave after corrective wave 4. If the price sustains above 3105, traders can buy for the following intraday targets: 3140 – 3160 – 3185+. Invalidation for traders will be one tick below previous day’s low.
We will update further information soon.
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