Witnessed Bullish Pattern for Divislab

this happened on 6th November

later the we can also see a strong bullish market on 15th november with a huge volume.

rectify if there is any corrections 

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Stock Ticker – NSE: DIVISLAB – Divi’s Laboratories Ltd. – PHARMA
Bullish Trade plan:
Entry Level 1721.5 Target 1758 Stoploss 1641.4
Analyst Rating – :4/5
View Posted on 2019-11-20

5 Comments
  1. Deepak R 4 years ago

    It seems that the current body should cover the 50% mark of the previous body.But,in this case there isn’t significant downtrend prior to bullish piercing and I do find the risk and reward ratio a bit miscalculated !
    Wouldn’t that be better if someone clarify on the same? @naresh

    • Naresh 4 years ago

      Yes sir…. this pattern appears towards the end of a downtrend so, the presence of an existing downtrend is needed.

  2. Author
    Ayshwariya 4 years ago

    Thanks deepak …missed it … noted and will rectify it

  3. Author
    Ayshwariya 4 years ago

    Thanks Naresh for ur comments…… Noted…..

  4. EQSIS 4 years ago

    Note: The target is placed very much lower than we have anticipated Risk Taken

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