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
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
Yes sir…. this pattern appears towards the end of a downtrend so, the presence of an existing downtrend is needed.
Thanks deepak …missed it … noted and will rectify it
Thanks Naresh for ur comments…… Noted…..
Note: The target is placed very much lower than we have anticipated Risk Taken