DIVISLAB: SHORT TERM BET FOR BEARS FOR NOVEMBER SERIES 2018

DIVISLAB is looking good for short selling for November series. Complete technical analysis for the stock price given below fullfilling the conditions for short position build up:

HEAD AND SHOULDER FORMATION ON THE TOP ACTS AS A REVERSAL PATTERN.

Here is the image:

AT PRESENT THE STOCK PRICE IS TRADING IN ITS CORRECTIVE ABC WAVES.

Here is the snapshot:

INICATORS initiating sell signals on various tools.Currently trying to hold FIBONACCI RETRACEMENT of 61.8% . Here is the image:

STOP LOSS for the position is 1340 which is also the high of WAVE B the corrective wave.

TARGET seems to be 1130 ON THE DOWNSIDE…

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